heating oil cost per year
The key thing worldwide is that we've seen an increase in production in the U.S. and a decrease in demand, he said. The average household used about 600 gallons of heating oil last winter. At that time, the average price of heating oil was $3.88 per gallon, which amounts to $2,354 per year, he said.If the price stays at $3.15, the average household could save about $464.n the past month, residential heating oil costs in the state have dropped 8.9 percent to just over $3.15 per gallon, excluding taxes. Prices haven't been this low since fall 2010, according to the federal Energy Information Administration website.