Current Heating Fuel Prices

The Governor’s Energy Office (GEO) conducts a weekly survey of heating fuel prices, obtained from fuel retailers statewide. This survey provides the current Maine cash prices, in dollars, rounded to the nearest penny. The most recent week’s prices are listed in the table below.

Maine Retail Heating Fuel Prices, as of July 13, 2020*


Heating Oil

Statewide

Southwest/ West- Central

Southeast/ Greater Portland

Central

East/ Downeast

Northern

Average

$1.90

$1.81

$1.81

$1.96

$1.95

$1.94

High

$2.90

$2.02

$2.49

$2.90

$2.18

$2.09

Low

$1.53

$1.60

$1.53

$1.60

$1.65

$1.70

Kerosene

$2.47

$2.40

$2.39

$2.59

$2.47

$2.50

Propane

$2.34

$2.39

$2.49

$2.29

$2.41

$2.12

*Please Note: The price for the various heating fuels are statewide averages, and prices in a given geographic region of the state may be considerably higher or lower than this average. These statewide averages are spot cash prices, and not ‘pre-buy’, introductory, or otherwise discounted prices. Average propane prices are 30-day cash/credit prices, based on consumption of at least 900 gallons a year. Households using propane just for cooking or hot water generally pay a higher per gallon price.1

1 The Governor’s Energy Office has developed a guide to assist consumers in obtaining the best propane price for their household and location. The guide can be accessed using this link: https://www.maine.gov/energy/publications_information/Propane-101-Consumers-Guide.pdf

The Energy Office has a calculator on its web site that allows consumers to obtain more detailed estimates of home heating costs, and the price impacts of various types of fuel, heating systems and heating appliances. Heating costs vary considerably from home to home. The home heating calculator can assist homeowners in finding the best heating option for their home, location, lifestyle, and budget. Home Heating Calculator

Comparison of Heating Fuel Prices per Million Btu (July 13, 2020)

Fuel Price (in dollars) Fuel Price (dollars per million Btu)
Cord Wood ($275/cord) $12.50
Natural Gas ($0.786-$1.63/therm)1 $7.25-$16.31
Heating Oil ($1.90/gallon) $13.70
Wood Pellets ($268/ton) $16.24
Kerosene ($2.47/gallon) $18.30
Propane ($2.34/gallon) $25.62
Electricity - baseboard (15.7-18.5 cents/kwh) $46.31-$54.22
1price varies depending on location; natural gas and electricity delivery companies operate only in selected areas of the state.