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According to the U.S. Energy Information Administration (EIA), heating oil prices in Pennsylvania and New Jersey reached $6.066 and $6.382 per gallon by the end of 2026. However, these statewide averages exclude taxes and may vary by local delivery rates.
Around 10 to 20% of homes and business facilities in New Jersey and Pennsylvania still rely on oil-based heating systems for winter comfort. While working on Lehigh HVAC projects, we frequently encounter HVAC equipment using oil as a fuel source, with boilers, furnaces, and water heaters being the most common of them. For such systems, oil prices directly influence how much homeowners have to pay each month for the warmth. That’s why it is essential to monitor heating oil prices to manage heating bills and make informed decisions about which equipment to choose for replacement.
When installing new furnaces or boilers, Lehigh HVAC technicians never make blind decisions. They are directed to disclose all the equipment options based on the fuel type, their long-term impact, and estimated monthly energy bills so homeowners can make the right decisions.
The latest EIA figures for residential and wholesale heating oil prove to be useful for both homeowners and facility managers in choosing the right HVAC system and fuel type for their heating needs. Take a look at the published figures below.
Price category |
Pennsylvania |
New Jersey |
|
Residential heating oil |
$6.066/gal |
$6.382/gal |
|
Wholesale heating oil |
$5.315/gal |
$5.281/gal |
Source: EIA Pennsylvania data and EIA New Jersey data.
New Jersey’s residential average is 31.6 cents per gallon higher than that of Pennsylvania. On the other hand, wholesale heating oil prices are slightly lower in New Jersey compared to Pennsylvania. This comparison shows how residents of these states can expect energy bills, though the bills depend on multiple other factors as well, apart from the oil prices.
The more you run your heating equipment, the more fuel it burns and the more you have to pay. The table below breaks down fuel prices by delivery quantity, so you get a clearer idea of how much you can expect to pay for a specific oil delivery.
Delivery quantity |
Pennsylvania |
New Jersey |
|
100 gallons |
$606.60 |
$638.20 |
|
150 gallons |
$909.90 |
$957.30 |
|
200 gallons |
$1,213.20 |
$1,276.40 |
These estimates are based on statewide averages, excluding taxes. The actual quote may vary depending on local rates.
Just like any other petroleum products, there are multiple types of oil based on the quality and the supplier’s refining system. That’s why the prices also vary. However, EIA publishes prices for standard oil, which is generally used for most appliances. If your HVAC system operates best on some other oil type, such as biodiesel or kerosene oil, ask your supplier about the specific prices before ordering. Make sure you are clear about the fuel specification, price, and compatibility with the heating system before you order a delivery.
You can’t directly change the oil prices. But you can adjust your heating equipment to burn less oil and provide a relatively similar level of comfort. This is precisely what we will suggest as a solution here.
Contact multiple suppliers. Check the fuel specifications of each, along with the prices. Finalize the reliable one that costs less and delivers quality fuel. But make sure you don’t confuse the prices for residential oil with those of wholesale.
In a recent project in Pennsylvania, one of our clients noticed 15% less fuel consumption for his oil boiler the very next month after scheduling boiler maintenance service. Multiple other clients in New Jersey have reported substantial advantages, though the exact percentage was not noted. You can also benefit from these results. If you think your boiler, furnace, or water heater consumes more fuel, schedule a maintenance service to bring it back to energy-efficient operation.
You are welcome to contact Lehigh HVAC for heating maintenance service.
If you want long-term energy-efficiency benefits, you can consider replacing your oil boiler or furnace with a more efficient option such as a gas furnace or heat pump. Although it will cost $5,000 to $20,000 initially, you will get significant energy-efficiency benefits over time.
For professional HVAC service for your heating equipment, including boilers, furnaces, water heaters, and heat pumps, contact Lehigh HVAC. You can get a free quote at 484-961-7044.
