official nebraska government website

Average Wholesale
Heating Oil Prices in


The average wholesale heating oil price rose over 12 cents from last week to $1.81 per gallon on January 23, 2006, (see the table at the end of this report).  The graph below shows the spread in Nebraska prices from month to month and from this year compared to last year.  This week's average price was 44 cents (or 32 percent) higher than the price at this time last year.

Other states in the Midwest Region had comparable prices ranging from $1.78 to $1.87 per gallon resulting in a regional average of $1.81.  States adjacent to Nebraska, such as Kansas, South Dakota, Iowa, and Missouri, had prices of $1.80, $1.83, $1.80, and $1.78, respectively.

For the week ending January 20, the Midwest distillate inventory level was in the normal range for this time of year at 7.3 million barrels.  This was the first time since October 28, 2005, that the distillate fuel inventory level has been in the normal range.

Notes:  The annual report for the 2004-2005 winter season is available.  An archive houses annual reports from previous years.

Heating Season

The Oil Price Information Service collects wholesale heating oil prices each week for Nebraska and twelve (12) other states in the Midwest Region during the heating season (October to March).  The Energy Information Administration, the independent statistical and analytical agency within the U.S. Department of Energy, uses the prices collected by the Oil Price Information Service to calculate a state average price, a regional average price, and a national average price which can be seen in the report Wholesale Heating Oil Prices by Region and State.

Off Season

Prices are not collected during the off season (April through September).

Midwest Region

For statistical purposes, the Energy Information Administration defines the Midwest region to include the states of Iowa, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, and Wisconsin.

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Nebraska's Average Wholesale Heating Oil Prices

2004/2005 — 2005/2006

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Nebraska's Average Wholesale Heating Oil Prices

2004/2005 — 2005/2006

Heating Season
Oct Nov Dec Jan Feb Mar
First Monday $1.479 $1.480 $1.225 $1.215 $1.302 $1.556
Second Monday $1.499 $1.464 $1.183 $1.277 $1.358 $1.618
Third Monday $1.606 $1.402 $1.376 $1.344 $1.420
Fourth Monday $1.617 $1.543 $1.272 $1.371 $1.537
Fifth Monday $1.478 $1.341
First Monday $2.495 $1.944 $1.782 $1.730 NA NA
Second Monday $2.379 $1.851 $1.796 $1.752 NA NA
Third Monday $2.590 $1.752 $1.779 $1.686 NA
Fourth Monday $2.532 $1.732 $1.713 $1.810 NA
Fifth Monday $2.060 NA

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Sources: Weekly Petroleum Status Report.  Energy Information Administration, Office of Oil and Gas, U.S. Department of Energy, Washington, DC.  Nebraska Energy Office, Lincoln, NE.

Note: NA = Not Available.

This report was updated on February 6, 2006.

Typically, there is one week between updates during the heating season.