No. 2 Heating Oil Prices: New York Harbor
This dataset tracks no. 2 heating oil prices: new york harbor over time.
Latest Value
2.21
Year-over-Year Change
-6.83%
Date Range
6/2/1986 - 8/4/2025
Summary
The 'No. 2 Heating Oil Prices: New York Harbor' series measures the wholesale price of No. 2 heating oil in the New York Harbor market. This is an important indicator for energy markets and home heating costs.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the spot price of No. 2 heating oil, a common fuel used for residential and commercial heating. It reflects supply and demand dynamics in one of the largest heating oil hubs in the United States, providing a benchmark for the broader heating oil market.
Methodology
The data is collected and reported by the U.S. Energy Information Administration based on wholesale transactions in the New York Harbor market.
Historical Context
Heating oil prices are closely monitored by policymakers, energy analysts, and consumers for their impact on home heating costs and overall energy inflation.
Key Facts
- No. 2 heating oil is a common fuel for residential and commercial heating.
- New York Harbor is a major hub for heating oil distribution in the Northeast.
- Heating oil prices impact home heating costs for millions of Americans.
FAQs
Q: What does this economic trend measure?
A: This series tracks the wholesale spot price of No. 2 heating oil in the New York Harbor market, a major distribution hub for this fuel.
Q: Why is this trend relevant for users or analysts?
A: Heating oil prices are a key indicator for home heating costs and overall energy inflation, making this data highly relevant for policymakers, energy analysts, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Energy Information Administration based on wholesale transaction prices in the New York Harbor market.
Q: How is this trend used in economic policy?
A: Heating oil prices are closely monitored by policymakers for their impact on household budgets and the broader economy, informing decisions on energy policy and consumer protections.
Q: Are there update delays or limitations?
A: The data is reported weekly by the EIA with minimal delays, providing timely insight into heating oil market dynamics.
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Citation
U.S. Energy Information Administration, No. 2 Heating Oil Prices: New York Harbor (DHOILNYH), retrieved from FRED.