Average Wholesale
Heating Oil Prices in Nebraska

Analysis | Heating Season | Off Season | Midwest Region
Graph | Prices | Price Archive | Residential Prices
Annual Report | Annual Report Archive
Midseason Report

Analysis

The average wholesale heating oil price on January 17, 2011, had jumped 12 cents from the last report to $2.75 per gallon (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 previous years.  This week's average price was 65 cents (or 31 percent) higher than the price a year ago.

The other states surveyed in the Midwest Region had comparable wholesale prices ranging from $2.67 to $2.78 per gallon resulting in a regional average of $2.71.  States near in proximity to Nebraska, such as Missouri and Minnesota, had prices of $2.73 and $2.76, respectively.

For the week ending January 14, the Midwest distillate inventory level was in the normal range for this time of year with the heating oil inventory level at 900,000 barrels.

Notes:  The annual report for the 2009-2010 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 thirteen (13) 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 - 2010/2011
  Heating Season
Oct Nov Dec Jan Feb Mar
2004/2005
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    
  Heating Season
Oct Nov Dec Jan Feb Mar
2005/2006
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    
  Heating Season
Oct Nov Dec Jan Feb Mar
2006/2007
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 $2.184
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    
  Heating Season
Oct Nov Dec Jan Feb Mar
2007/2008
First Monday   $2.774 $2.662 $2.737 $2.620 $3.108
Second Monday $2.494 $2.804 $2.585 $2.616 $2.813 $3.228
Third Monday $2.466 $2.794 $2.696 $2.610 $2.844 $3.328
Fourth Monday $2.506 $2.896 $2.704 $2.643 $3.004  
Fifth Monday $2.596   $2.712      
  Heating Season
Oct Nov Dec Jan Feb Mar
2008/2009
First Monday $3.269 $2.399 $1.982 $1.794 NA NA
Second Monday $2.784 $2.356 $1.714 $1.764 NA NA
Third Monday $2.546 $2.169 $1.762 $1.721 NA NA
Fourth Monday $2.289 $2.004 $1.718 $1.691 NA  
Fifth Monday     $1.568      
  Heating Season
Oct Nov Dec Jan Feb Mar
2009/2010
First Monday $1.890 $2.085 $2.076 $2.195 $1.981 $2.148
Second Monday $1.969 $2.084 $1.975 $2.240 $1.936 $2.232
Third Monday $2.125 $2.070 $2.023 $2.097 $1.970 $2.230
Fourth Monday $2.168 $2.081 $2.112 $1.991 $2.152  
Fifth Monday   $2.076        
  Heating Season
Oct Nov Dec Jan Feb Mar
2010/2011
First Monday $2.428 $2.372 $2.565 $2.626 NA NA
Second Monday $2.426 $2.497 $2.564 $2.632 NA NA
Third Monday $2.379 $2.542 $2.566 $2.750 NA NA
Fourth Monday $2.385 $2.457 $2.627 NA NA  
Fifth Monday   $2.461        

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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 This report was updated on January 21, 2011.  Typically, there is one week between updates during the heating season.

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