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Fuel Prices

Under the 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. As an adjunct to the SHOPP program, OEP also monitors kerosene, gasoline, and diesel fuel prices, as well as electricity and natural gas prices.

Average Fuel Prices in New Hampshire

Note that the prices that OEP publishes are averages and therefore might be different than your local price. 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 is my propane price so much higher that the average listed here?

Heating Fuel Values are provided weekly from the first Monday in October until March 15th and monthly during the remainder of the year.

Current Heating Fuel Values - August 4, 2014
Fuel Type Price/Unit Heat Content
Per Unit (BTU)
Price Per Million BTU
(See Note 1)
Fuel Oil (#2) $3.547/Gallon 138,690 $25.57
Propane $3.113/Gallon 91,333 $34.08
Kerosene $4.149/Gallon 135,000 $30.73
Natural Gas 1st Tier (<100 Therms) $0.848/Therm 100,000 $8.48
Natural Gas 2nd Tier (>100 Therms) $0.800/Therm 100,000 $8.00
Wood (Bulk Delivered Pellets) (See Note 2) $245.97/Ton 16,500,000 $14.91
Wood (Cord) (See Note 3) $310/Cord 20,000,000 $15.15
Electricity $0.1535/kwh 3,412 $45.00
Current Motor Fuel Values - August 25, 2014
(see Note 4)
Gasoline Diesel Electric Vehicle
$3.470/gallon $3.783/gallon $1.70/gallon equivalent

Notes

  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. A gallon of oil, when burned, will produce a different amount of heat than a ton of wood. If you are wondering what the cost savings might be if you were to switch to a different fuel type for heating your home, the US Energy Information Administration has produced a calculator Excel file to help with that.
  2. Wood pellets priced contain 70% - 85% hardwood; delivery size: 3-10 tons.
  3. 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.
  4. Motor fuel pricing is obtained from the AAA Daily Fuel Gauge Report. Electric vehicle pricing obtained from the US Department of Energy's eGallon tool.

Corrections

In the Heating Fuel Values of February 3, 2014, the Fuel Oil (#2) price of $3.98/gallon was incorrect. It should have been reported as $4.02/gallon. Also, the Propane price of $3.77/gallon should have been reported as $3.74.

Historical Data

How do current fuel prices compare with past prices in New Hampshire? See the PDF below for trend graphs. For an Excel file with complete data, please contact OEP.

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.

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 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