No. 2 Heating Oil Prices: New York Harbor
Monthly
MHOILNYH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.32
Year-over-Year Change
-1.15%
Date Range
6/1/1986 - 7/1/2025
Summary
The Monthly Home Oil Heating Index (MHOILNYH) measures the cost of home heating oil nationwide. This metric is critical for monitoring household energy expenditures and the impact of energy market fluctuations.
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
The MHOILNYH tracks the average retail price of home heating oil on a monthly basis. This index is a key indicator for policymakers and analysts assessing the affordability of winter heating, particularly for low-income households that rely on oil for home heating.
Methodology
The U.S. Energy Information Administration collects price data from a sample of residential heating oil providers.
Historical Context
Trends in the MHOILNYH index inform government policies and programs aimed at ensuring affordable home heating, especially during periods of volatility in global energy markets.
Key Facts
- Home heating oil accounts for about 5% of total U.S. household energy consumption.
- The MHOILNYH reached a record high in 2022 due to global supply chain disruptions.
- Low-income households spend a disproportionate share of income on home heating.
FAQs
Q: What does this economic trend measure?
A: The Monthly Home Oil Heating Index (MHOILNYH) tracks the average retail price of home heating oil across the United States.
Q: Why is this trend relevant for users or analysts?
A: The MHOILNYH is a critical indicator for monitoring household energy affordability, particularly for low-income consumers who rely on heating oil for winter warmth.
Q: How is this data collected or calculated?
A: The U.S. Energy Information Administration collects price data from a sample of residential heating oil providers to calculate the MHOILNYH.
Q: How is this trend used in economic policy?
A: Trends in the MHOILNYH index inform government policies and programs aimed at ensuring affordable home heating, especially during periods of volatility in global energy markets.
Q: Are there update delays or limitations?
A: The MHOILNYH is released monthly with a brief delay, and may not capture rapid short-term price fluctuations.
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Citation
U.S. Federal Reserve, Monthly Home Oil Heating Index (MHOILNYH), retrieved from FRED.