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Fuel Prices

Under the US Department of Energy's State Heating Oil and Propane Program (SHOPP), OEP monitors residential retail prices for heating oil and propane to determine the average prices for these fuels in New Hampshire. In addition to the federal SHOPP program, OEP also monitors gasoline, diesel fuel, electricity, wood pellet, cord wood and natural gas prices.

Average Fuel Prices in New Hampshire

Note that the prices OEP publishes are statewide sample averages and therefore might be different than your local price. For more information see Notes below.

Keep in mind, when considering heating costs much will depend on the efficiency of any given appliance -- a ductless heat pump, for example, is more efficient than a space heater.

Check out "How do I compare heating costs?" for more information and resources for calculating annual heating costs of different heating systems at adjustable fuel prices.

For more information on how to make your home or business more efficient, visit NH Saves.

Current Heating Fuel Values - Petroleum Fuels-Jan 11, 2017
Fuel Type Price / Unit Heat Content
Per Unit (BTU) (Note 1)
System Efficiency (Note 7) Price Per Million BTU
Fuel Oil (#2) $2.40 / Gallon 138,690 80% $21.64
Propane $3.18 / Gallon 91,333 80% $43.55
Kerosene $2.96 / Gallon 135,000 80% $27.37

Updated weekly from the first Tuesday in October until the last Tuesday of March and updated monthly the remainder of the year.

Current Heating Fuel Values - Jan 4, 2017
Fuel Type Price / Unit Heat Content
Per Unit (BTU) (Note 1)
System Efficiency (Note 7) Price Per MMBTU
Natural Gas 1st Tier (<100 Therms) (Note 2) $1.14 / Therm 100,000 80% $14.26
Natural Gas 2nd Tier (>100 Therms) (Note 2) $1.08 / Therm 100,000 80% $13.51
Electricity (Note 2) Resistance Heat $0.1706 / kwh 3,412 100% $49.99

Electrcity (Note 2) Air Source Heat Pump

$.01706 / kwh 3,412 250% $20.00

Updated monthly.


Current Heating Fuel Values - Biomass Fuels- Jan 4 2017

*New: See OEP's New Hampshire Wood Pellet Prices webpage for detailed information on wood pellet prices in New Hampshire.

Fuel Type Price / Unit Heat Content
Per Unit (BTU)(Note 1)
System Efficiency (Note 7) Price Per MMBTU
See New Hampshire Wood Pellet Prices webpage for more detailed information on pellet prices.
Wood (Bulk delivered ton) (Note 3) $252.46 16,500,000 80% $19.13
Wood (Bagged ton) (Note 3) $272.02 16,500,000 80% $20.61
Wood (Cord) (Note 4) $295.00 20,000,000 50% $29.50

Updated monthly from October to March and quarterly from April to September.

NH Average Prices for Motor Fuels - Jan 4 2017
(see Note 5 & 6)
Gasoline (gallon) Diesel (gallon) Electric (eGallon)
$2.31 $2.56 $1.72
Updated monthly.

Historical Data

How do these current fuel prices compare with past prices in New Hampshire? See the trend graphs below.

All documents have been saved in Portable Document Format Adobe Acrobat Reader Symbol.

Notes

For more information about how prices can be affected by various factors, visit our Deliverable Fuels Pricing page. For information on how prices are collected, please see the Notes below as well as the EIA's Explanatory Notes pdf file and Frequently Asked Questions for the SHOPP program.

Why does my propane price differ from the average listed here?

For additional information, please see the US Energy Information Administration's Winter Heating Fuels page.

  1. Pricing information is presented in per-BTU (British Thermal Unit) format in order to give consumers an idea of the true cost of the fuel per unit of heat. This calculation is based on conversion factors provided by the US Energy Information Agency. A gallon of oil, when burned, will produce a different amount of heat than a ton of wood. The system efficiencies are addressed in note 7.
  2. Price/Unit does not include the Customer Charge. This charge recovers costs the utility incurs in providing service to a customer – such as maintenance, reading your meter(s), maintaining account records, and managing a 24-hour customer service center. This is a fixed cost regardless of the amount of gas or electricity you use. Please also note that the NH Public Utilities Commission regulates electric and natural gas utilities.
  3. Bulk wood pellets price are an average for 1-5 tons of delivered wood pellets; bagged pellets are an average price for one ton of pellets and does NOT include delivery. See the New Hampshire Wood Pellet Prices page for more information.
  4. The price of firewood sold by the cord can vary widely depending on the location, time of year and quality of the wood being sold. The cost shown here is an average of "seasoned" cordwood to allow for a general comparison to other forms of energy. Cordwood can be highly variable in moisture content, quality, species makeup, etc., correspondingly heat values and prices will vary. For information on using cordwood, see Heating with Wood from the UNH Cooperative Extension.
  5. Motor fuel pricing is obtained from the AAA Daily Fuel Gauge Report.
  6. Electric vehicle pricing obtained from the US Department of Energy's eGallon tool.
  7. System efficiencies are from the Penn State Cooperative Extension Engineering Department. These are an average efficiencies for each system type. Actual efficiencies will vary widely and consumers should refer to their system efficienies to calculate their own per BTU fuel costs.

Forecasts

The Office of Energy and Planning does not project or estimate future energy prices. The US Energy Information Administration provides a number of forecasts and analyses of energy prices, including their monthly Short Term Energy Outlook and Winter Fuels Outlook.

How do I compare heating fuel costs?

The Cost/Btu section of our fuel pricing tables above displays the cost per Btu of the most common fuels and heating systems used in New Hampshire. As the cost of fuels and electricity changes, the relative cost-effectiveness of these fuels changes as well. In addition to the fuel costs, the capital costs of installing or upgrading systems is important to consider. Efficiency of your home is also important to consider. It is often the case that the most economical way to reduce a heating bill is to air seal and insulate a home.

The cost of heating your home will depend on a number of factors including the weather, your home’s size and insulation quality, and the efficiency of your heating system. There are a number of tools available to compare the costs of different fuels.

The Maine Governor’s Energy office offers a home heating calculator to assist consumers in calculating the heating costs of different fuels. It also provides an Excel spreadsheet for more detailed calculations.

Efficiency Maine offers a calculator for comparing the annual heating cost of different heating systems at a variety of fuel prices.

Other resources offer tools to complete a more detailed comparison of costs and estimates for your home specifically:

  • The University of Maine Cooperative extension has published a guide for comparing the costs of heating between different fuels.
  • Oregon State University (OSU) Cooperative Extension has published a guide for consumers considering fuel options.
  • OSU Cooperative also offers a publication and Excel-based calculator to help consumers make energy-related decisions.

Portable Document Format Symbol Portable Document Format (.pdf). Visit nh.gov for a list of free .pdf readers for a variety of operating systems.

Microsoft Excel Symbol Comma Separated Values (.csv) format. Visit nh.gov for a list of free .csv reader/import programs for different operating systems.

Microsoft Excel Symbol Microsoft Excel format. You can download a free reader from Microsoft.


NH Office of Energy and Planning
Governor Hugh J. Gallen State Office Park
Johnson Hall, 3rd Floor  |  107 Pleasant Street  |  Concord, NH 03301
(603) 271-2155  |  fax: (603) 271-2615