official nebraska government website

Average Wholesale
Heating Oil Prices in


The average wholesale heating oil price rose nine cents from last week to $2.13 per gallon on March 5, 2007 (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 18 cents (or nine percent) higher than the price at this time last year.

Other states in the Midwest Region had comparable prices ranging from $2.00 to $2.15 per gallon resulting in a regional average of $2.05.  States near in proximity to Nebraska, such as Iowa, North Dakota, and Minnesota, had prices of $2.15, $2.12, and $2.11, respectively.  The average prices in Kansas, South Dakota, Missouri, and Michigan were not available this week.

For the week ending March 2, the Midwest distillate inventory level was at the bottom boundary of the normal range for this time of year at 3.4 million barrels.

Notes:  The annual report for the 2005-2006 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 — 2006/2007

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 $1.835 $1.954
Second Monday $2.379 $1.851 $1.796 $1.752 $1.809 $1.844
Third Monday $2.590 $1.752 $1.779 $1.686 $1.841
Fourth Monday $2.532 $1.732 $1.713 $1.810 $1.857
Fifth Monday $2.060 $1.844
First Monday $1.849 $1.906 $2.032 $1.923 $1.900 2.130
Second Monday $1.857 $2.025 $1.940 $1.859 $1.958 NA
Third Monday $1.936 $2.055 $2.090 $1.780 $1.933
Fourth Monday $1.922 $1.975 $1.990 $1.788 $2.038
Fifth Monday $1.895 $1.833

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Sources: Weekly Petroleum Status Report.  Energy Information Administration, Washington, DC.  Nebraska Energy Office, Lincoln, NE.

Note: NA = Not Available.

This report was updated on March 8, 2007.

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