How much does furnace oil cost?

The weekly cost of furnace oil from 1990 to the present ranges from around $1.00 to over $4.00 per gallon in 2016, according to the U.S. Energy Information Administration. The cost of furnace oil varies with the oil market and global fluctuations in supply and demand.

The Energy Information Administration provides a table of weekly heating oil residential prices dating back to 1990. The range is from $0.85 per gallon in March 1999 to $4.25 per gallon in February 2014. According to BobVilla.com the estimated average household cost for furnace oil for the 2012/13 winter was $2,558.00. Oil furnaces are generally cheaper than gas furnaces but heating oil is generally more expensive than natural gas.