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. Prices are typically updated on Thursdays. 

Maine Retail Heating Fuel Prices, as of January 23, 2023*

Heating Fuel Statewide Southwest/
West- Central
Southeast/
Greater Portland
Central East/ Downeast Northern
Heating Oil - Average $4.44 $4.36 $4.42 $4.46 $4.46 $4.53
Heating Oil - High $5.00 $5.00 $5.00 $5.00 $5.00 $4.75
Heating Oil - Low $3.80 $3.90 $3.80 $4.00 $3.94 $4.20

Kerosene

$5.82 $5.64 $5.88 $5.88 $5.75 $6.03

Propane

$3.29 $3.52 $3.64 $3.15 $3.11 $3.05

*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.

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 here - Propane 101 Consumer Guide (PDF).


Retail Heating Fuel Prices In New England

State Week of January 23, 2023
Connecticut $4.67
Maine $4.44
Massachusetts $4.71
New Hampshire $4.60
Rhode Island $4.66
Vermont $4.53

Source: U.S. Energy Information Administration


Heating Fuel Prices per Million Btu

Below is a table that compares various heating fuels, on a dollar per million Btu (heating unit). Consumers will then need to consider the efficiency of their heating system(s) to estimate their overall heating costs. 

Prices per Million Btu as of January 23, 2023

Heating Type Unit Fuel Price Per Unit Fuel Price
($ per million Btu)
Firewood Cord $350 $15.91
Wood Pellets Ton $312 $18.91
Natural Gas Therm $1.945 to $3.58 $19.45 - $35.88
Electricity - Heat Pump Water Heater kWh $.239 to $.281 $23.51 - $27.64
Electricity - Air Source Heat Pump kWh $.239 to $.281 $23.91 - $28.11
Electricity - Baseboard kWh $.239 to $.281 $70.05 - $82.36
Heating Oil Gallon $4.44 $32.01
Kerosene Gallon $5.82 $43.11
Propane Gallon $3.29 $36.02

Notes

  • Firewood: Prices are based on an informal survey of dealers across the state and include (1) a minimum of 2 cord purchase of partially seasoned wood and (2) local delivery charges.
  • Wood Pellets: Prices are based on an informal survey of dealers across the state and include (1) average prices per ton, (2) Maine produced pellets in 40lb bags, and (3) local delivery charges. Bulk pellet prices may be slightly higher.
  • Natural Gas: Prices include minimum monthly fees and are dependent on location as natural gas and electricity delivery companies operate only in selected areas of the state.
  • Heat Pump Water Heater (HPWH) and Air Source Heat Pump (ASHP): Final fuel prices (i.e., far right column) reflect the increased efficiency of HPWHs and ASHPs. According to Efficiency Maine Trust and when compared to electric resistance heating, HPWHs are 2.98 times more efficient and ASHPs are 2.93 times more efficient. To obtain a theoretical and relative fuel price per unit, divide the price per kWh by 2.98 or 2.93 depending on your technology (e.g., $0.2099 for an ASHP is like paying $0.0716 for electric resistance heating).
  • Electric Heating: All electricity prices include monthly minimum fees

Historical Heating Fuel Prices


 

2021-22 Weekly Heating Fuel Prices

2023

January 3, 2023 (PDF)

January 9, 2023 (PDF)

January 17, 2023 (PDF)

January 23, 2023 (PDF)

2022

January 3, 2022 (PDF)

January 10, 2022 (PDF)

January 18, 2022 (PDF)

January 24, 2022 (PDF)

January 31, 2022 (PDF)

February 7, 2022 (PDF)

February 14, 2022 (PDF)

February 22, 2022 (PDF)

February 28, 2022 (PDF)

March 7, 2022 (PDF)

March 14, 2022 (PDF)

March 21, 2022 (PDF)

March 28, 2022 (PDF)

April 4, 2022 (PDF) 

April 11, 2022 (PDF)

April 18, 2022 (PDF)

April 25, 2022 (PDF)

May 2, 2022 (PDF)

May 9, 2022 (PDF)

May 16, 2022 (PDF)

May 23, 2022 (PDF)

May 31, 2022 (PDF)

June 6, 2022 (PDF)

June 13, 2022 (PDF)

June 20, 2022 (PDF)

June 27, 2022 (PDF)

July 5, 2022 (PDF)

July 11, 2022 (PDF)

July 18, 2022 (PDF)

July 25, 2022 (PDF)

Aug. 1, 2022 (PDF)

Aug. 8, 2022 (PDF)

Aug. 15, 2022 (PDF)

Aug. 22, 2022 (PDF)

Aug. 29, 2022 (PDF)

Sept. 6, 2022 (PDF)

Sept. 12, 2022 (PDF)

Sept. 19, 2022 (PDF)

Sept. 26, 2022 (PDF)

October 3, 2022 (PDF)

Oct. 11, 2022 (PDF)

Oct. 17, 2022 (PDF)

Oct. 24, 2022 (PDF)

Oct. 31, 2022 (PDF)

Nov. 7, 2022 (PDF)

Nov. 14, 2022 (PDF)

Nov. 21, 2022 (PDF)

Nov. 28, 2022 (PDF)

Dec. 5, 2022 (PDF)

Dec. 12, 2022 (PDF)

Dec. 19, 2022 (PDF)

Dec. 27, 2022 (PDF)

2021

August, 2, 2021 (PDF)

August 9, 2021 (PDF)

August 16, 2021 (PDF)

August 23, 2021 (PDF)

August 30, 2021 (PDF)

September 6, 2021 (PDF)

September 13, 2021 (PDF)

September 20, 2021 (PDF)

September 27, 2021 (PDF)

October 4, 2021 (PDF)

October 12, 2021 (PDF)

October 18, 2021 (PDF)

October 25, 2021 (PDF)

November 1, 2021 (PDF)

November 8, 2021 (PDF)

November 15, 2021 (PDF)

November 22, 2021 (PDF)

November 29, 2021 (PDF)

December 6, 2021 (PDF)

December 13, 2021 (PDF)

December 20, 2021 (PDF)

December 27, 2021 (PDF)