Heating Oil Price Today & History HO=F
Quoted per gallon (USD)
Heating Oil (HO=F) is trading up at $4.7800 per gallon (+1.06%), as of the latest quote.
Heating Oil price history
Heating Oil last closed at $4.7767 per gallon on Oct 20, 2026. That is +117.91% over one year. Over the past 52 weeks its closing price ranged from $2.0567 (Jan 7, 2026) to $5.2620 (Sep 15, 2026).
| Period | Change |
|---|---|
| 1 month | -5.56% |
| 6 months | +28.10% |
| Year to date | +125.25% |
| 1 year | +117.91% |
| 3 years | +51.32% |
| 5 years | +84.26% |
| Year | Highest close | Lowest close | Year-end close | Change |
|---|---|---|---|---|
| 2026 (to date) | $5.2620 | $2.0567 | $4.7767 | +125.25% |
| 2025 | $2.7011 | $1.9745 | $2.1206 | -8.62% |
| 2024 | $2.9642 | $2.0580 | $2.3206 | -9.11% |
| 2023 | $3.5509 | $2.2323 | $2.5531 | -24.06% |
| 2022 | $5.1354 | $2.3574 | $3.3622 | +44.29% |
| 2021 (from Oct 20) | $2.5923 | $2.0638 | $2.3301 | — |
Daily closing prices for HO=F over the last five years, from Yahoo Finance. Highest and lowest are daily closes, not intraday extremes. The current year runs to the latest close.
About Heating Oil
Heating oil is a low-sulfur distillate used for residential heating in the Northeast US and as a proxy for diesel fuel. NYMEX heating-oil futures (HO) trade in US dollars per gallon.
About the Heating Oil market
Heating oil and diesel are closely related distillate fuels, used to heat homes and buildings and to power trucks, trains, ships and farm and industrial machinery. The benchmark US contract is now NY Harbor ULSD (ultra-low sulfur diesel) Futures on NYMEX, part of CME Group, under the product code HO. One contract covers 42,000 gallons and is quoted in US dollars and cents per gallon, and the contract is physically deliverable.
Distillate prices follow crude oil but also depend on refinery output, inventories and demand. Cold winters raise heating demand, while freight, farming and industrial activity drive diesel use through the year. Refinery outages, export flows and disruptions to shipping or pipelines can tighten supply and move prices independently of crude.
Recent News (2)
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Home heating oil prices are soaring — and users' winter bills could rise 21%, federal outlook shows A tight global diesel market is driving up heating oil prices, with households in the Northeast facing the biggest impact.
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High diesel prices may put 'another squeeze' on the consumer, economist says The impact of soaring diesel prices is less evident to consumers than that of gasoline.
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