official nebraska government website

Average Residential
Heating Oil Prices in Nebraska

chart showing Nebraska's Average Residential Heating Oil Prices for 2001 through 2014.

Nebraska's Average Residential Heating Oil Prices
2014/2015

2014/2015 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $3.211 NA NA NA NA NA NA NA NA NA NA
Second Monday $3.145 $3.461 NA NA NA NA
Third Monday $3.165 $3.387 NA NA NA NA
Fourth Monday $3.266 NA NA NA NA
Fifth Monday NA

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Nebraska's Average Residential Heating Oil Prices
2001/2002 – 2013/2014

2013/2014 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $3.451 $3.331 $3.373 $3.416 $3.428 $3.490 $3.443 $3.447 $3.361 $3.390 $3.367 $3.357
Second Monday $3.450 $3.291 $3.383 $3.409 $3.416 $3.496
Third Monday $3.445 $3.281 $3.377 $3.411 $3.447 $3.473
Fourth Monday $3.354 $3.358 $3.384 $3.431 $3.476
Fifth Monday $3.406
2012/2013 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $3.651 $3.664 $3.524 $3.456 $3.505 $3.634 $3.565 $3.434 $3.437 $3.331 $3.509 $3.626
Second Monday $3.670 $3.581 $3.506 $3.386 $3.606 $3.610
Third Monday $3.828 $3.514 $3.452 $3.419 $3.690 $3.537
Fourth Monday $3.835 $3.548 $3.464 $3.445 $3.673
Fifth Monday $3.705 $3.441
2011/2012 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $3.353 $3.613 $3.532 $3.442 $3.452 $3.602 NA NA NA NA NA NA
Second Monday $3.353 $3.693 $3.490 $3.402 $3.488 $3.638
Third Monday $3.410 $3.648 $3.441 $3.400 $3.515 $3.652
Fourth Monday $3.444 $3.595 $3.442 $3.409 $3.592
Fifth Monday $3.508 $3.440
2010/2011 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $2.627 $2.625 $2.771 $2.865 $3.040 $3.435 $3.571 NA NA NA NA NA
Second Monday $2.651 $2.720 $2.831 $2.892 $3.058 $3.457
Third Monday $2.668 $2.786 $2.829 $2.951 $3.099
Fourth Monday $2.640 $2.773 $2.862 $2.990 $3.304
Fifth Monday $2.773 $3.003

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2009/2010 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $2.151 $2.382 $2.400 $2.416 $2.359 $2.397 $2.619 $2.696 $2.435 $2.461 NA NA
Second Monday $2.190 $2.407 $2.366 $2.479 $2.331 $2.426
Third Monday $2.288 $2.404 $2.356 $2.455 $2.304 $2.458
Fourth Monday $2.359 $2.404 $2.372 $2.402 $2.366
Fifth Monday $2.399
2008/2009 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $3.497 $2.526 $2.225 $1.864 $1.827 $1.622 $1.779 $1.728 $2.050 $2.122 $2.220 $2.197
Second Monday $3.238 $2.515 $2.092 $1.917 $1.784 $1.577
Third Monday $3.036 $2.398 $1.993 $1.879 $1.702 $1.571
Fourth Monday $2.772 $2.265 $1.943 $1.850 $1.644
Fifth Monday $1.878
2007/2008 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $2.932 $3.036 $3.005 $2.875 $3.242 $3.528 $3.728 $4.240 $4.247 $3.954 $3.664
Second Monday $2.694 $3.006 $3.008 $2.942 $2.957 $3.424
Third Monday $2.698 $3.011 $2.964 $2.904 $3.030 $3.552
Fourth Monday $2.720 $3.076 $2.954 $2.874 $3.177
Fifth Monday $2.780 $2.982

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2006/2007 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $2.128 $2.128 $2.221 $2.169 $2.079 $2.246 $2.478 $2.447 $2.418 $2.472 $2.586 $2.690
Second Monday $2.110 $2.209 $2.189 $2.117 $2.097 $2.293
Third Monday $2.118 $2.215 $2.204 $2.045 $2.108
Fourth Monday $2.138 $2.230 $2.190 $2.015 $2.181
Fifth Monday $2.138 $2.009
2005/2006 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $2.608 $2.269 $2.014 $2.001 $2.067 $2.108 $2.174 $2.370 $2.494 $2.554 $2.894 $2.609
Second Monday $2.661 $2.181 $2.050 $2.034 $2.044 $2.092
Third Monday $2.686 $2.106 $2.048 $2.003 $2.033
Fourth Monday $2.804 $2.070 $2.012 $2.030 $2.061
Fifth Monday $2.515 $2.044
2004/2005 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $1.621 $1.768 $1.629 $1.495 $1.557 $1.727 $1.900 $1.822 $1.792 $1.912 $1.892 $2.365
Second Monday $1.661 $1.710 $1.548 $1.496 $1.554 $1.773
Third Monday $1.736 $1.678 $1.546 $1.519 $1.571
Fourth Monday $1.788 $1.672 $1.531 $1.549 $1.649
Fifth Monday $1.688 $1.566

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2003/2004 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $1.109 $1.109 $1.088 $1.108 $1.171 $1.177 $1.205 $1.272 $1.292 $1.287 $1.381 $1.457
Second Monday $1.168 $1.105 $1.088 $1.126 $1.153 $1.193
Third Monday $1.161 $1.122 $1.101 $1.143 $1.154 $1.197
Fourth Monday $1.148 $1.114 $1.108 $1.168 $1.157
Fifth Monday $1.106
2002/2003 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $1.073 $1.048 $1.036 $1.094 $1.162 $1.336 $1.074 $1.027 $1.023 $1.026 $1.051 $1.113
Second Monday $1.086 $1.025 $1.022 $1.084 $1.269 $1.339
Third Monday $1.090 $1.008 $1.017 $1.098 $1.277 $1.313
Fourth Monday $1.077 $1.039 $1.047 $1.113 $1.302
Fifth Monday $1.078
2001/2002 Heating Season Off Season
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
First Monday $1.076 $0.916 $0.857 $0.825 $0.800 $0.819 $0.894 $0.908 $0.887 $0.889 $0.905 $0.982
Second Monday $1.038 $0.916 $0.824 $0.824 $0.802 $0.844
Third Monday $1.026 $0.874 $0.805 $0.798 $0.809 $0.865
Fourth Monday $0.971 $0.878 $0.799 $0.790 $0.808
Fifth Monday $0.940 $0.812

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Heating Season

The Nebraska Energy Office has participated in the State Heating Oil and Propane Program for fourteen winter seasons. During the heating season (October to March), the staff contact companies each week who supply heating oil to Nebraska, collect Monday's retail price, and submit the data to the Energy Information Administration. The Energy Information Administration calculates the average price shown in the table above.

At times, Nebraska's average residential heating oil price has been the lowest price in the Midwest Region. The Energy Information Administration theorized that this was due to minimal transportation costs. Another reason would be the number of participating states. Since state participation in the program is voluntary, heating oil prices were not surveyed in each state in the Midwest Region. Kansas and Oklahoma might also have had low prices—possibly lower than Nebraska's because the two states are closer to heating oil sources.

Off Season

During the off season (April through September), time permitting, the Nebraska Energy Office staff continue to contact the same suppliers who were contacted during the heating season. Staff contact suppliers once a month instead of once a week since the price of heating oil is usually not volatile during the off season. The Nebraska Energy Office staff calculate the average price, shown in the table above, from the suppliers' retail prices on the first Monday of the month.

State Heating Oil
and Propane Program

The Energy Information Administration, the independent statistical and analytical agency within the U.S. Department of Energy, conducts the State Heating Oil and Propane Program from October to March—the heating season—each year. The Energy Information Administration collects prices for the program each week from participating states and calculates a state average price, a regional average price, and a national average price which can be seen in the report Weekly Heating Oil and Propane Prices.

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. All but six states are participating in this survey. Those six states are Kansas, Missouri, North Dakota, Oklahoma, South Dakota, and Tennessee.

Price Explanation

The prices represent average residential home heating charge prices for home delivery of No. 2 heating oil, excluding taxes and cash discounts.

This symbol indicates a rule of thumb follows.A general rule of thumb: A dollar increase in the West Texas Intermediate (WTI) crude oil price per barrel will result in a 2.5–cent increase in the price of heating oil per gallon. Likewise, a dollar decrease in the WTI crude oil price per barrel will result in a 2.5–cent decrease in the price of heating oil per gallon.

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Sources: State Heating Oil and Propane Survey and the Weekly Petroleum Status Report. Energy Information Administration, Washington, DC. Nebraska Energy Office, Lincoln, NE.

Note: NA indicates that data is not available.

This report was updated on November 20, 2014.
Typically, there is one week between updates during the heating season and
one month between updates during the cooling season.