As of January 5, 2015, residential heating oil prices averaged less than $2.97 per gallon, nearly 8 cents per gallon lower than last week, and $1.05 per gallon less than last year’s price for the same week. Wholesale heating oil prices averaged $1.91 per gallon, 9 cents per gallon lower than last week and $1.16 per gallon lower when compared to the same time last year.
Residential propane prices averaged less than $2.36 per gallon, 1 cent per gallon lower than last week, and over 47 cents per gallon less than the price at the same time last year. The average wholesale propane price decreased by almost 4 cents per gallon this week to less than 59 cents per gallon, just under $1.10 per gallon lower than the January 6, 2014 price.
