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Heating oil prices in Minnesota

$5.95per gallon

Average residential price, week of October 26, 2026. Updated weekly by EIA from a survey of Minnesota dealers.

How the price moved

Since last week
up+3.2¢ (+0.5%)
Since a year ago
up+$2.37 (+66.2%)
Since the season’s first survey (Oct 5, 2026)
up+21¢ (+3.7%)
Midwest average
$6.22
U.S. average
$6.23

5th cheapest of the 21 states EIA surveys this week.

Is this a high price for Minnesota?

Minnesota heating oil is the most expensive it has been at this point in the season in at least 10 years: +63¢ above the previous high, set in 2022–23.

Up $2.37 (+66.2%) from a year ago, when it was $3.58.

Price in the same week of each of the last 10 seasons. Dot: this week.

Heating oil delivery, Arlington, Massachusetts
Heating oil delivery, Arlington, Massachusetts
Minnesota heating oil this season against the last ten
  • This season (2026–27)
  • Last season (2025–26)
  • Range of the 10 seasons before
$1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 OctNovDecJanFebMar $5.95
Show the numbers
WeekThis seasonSame week last season
Oct 5, 2026$5.737$3.501
Oct 12, 2026$5.761$3.498
Oct 19, 2026$5.916$3.520
Oct 26, 2026$5.948$3.578

Cost to fill a heating oil tank in Minnesota

A 275-gallon tank refilled from a quarter to 90% takes about 179 gallons: $1,063 at this week’s average.

Oil tanks are rarely filled to the brim; we assume 90% of the nominal size is usable. Gauges read in quarters.

$1,063

for 179 gallons at $5.95 a gallon in Minnesota.

  • At last year’s price ($3.58): $640
  • At the Midwest average ($6.22): $1,112
Cost to fill from 25% to 90% at $5.95 a gallon
TankGallons deliveredCost
275 gal179$1,063
330 gal215$1,276
500 gal325$1,933
550 gal358$2,126
1000 gal650$3,866

Cheapest way to heat in Minnesota

Cost of one million Btu of heat delivered into the house, after furnace or heat pump efficiency.

  1. Natural gas $11.66 per million Btu

    $10.87/Mcf · 90% efficient · Minnesota residential, last winter

  2. Heat pump $19.27 per million Btu

    16.4¢/kWh · COP 2.5 · Minnesota residential, year to date

  3. Propane $26.37 per million Btu

    $2.05/gal · 85% efficient · Minnesota weekly survey

  4. Electric resistance $48.18 per million Btu

    16.4¢/kWh · 100% efficient · Minnesota residential, year to date

  5. Heating oil $50.52 per million Btu

    $5.95/gal · 85% efficient · Minnesota weekly survey

Right now natural gas is the cheapest heat here. Full winter cost comparison for Minnesota

When heating oil is cheapest

In 3 of the last 10 heating seasons, January was the cheapest month for heating oil in Minnesota. The median season ran 1.5% above October by March.

  1. base Oct 2/10
  2. +0.5% Nov 1/10
  3. −2.0% Dec 2/10
  4. −1.3% Jan 3/10
  5. +0.9% Feb 0/10
  6. +1.5% Mar 2/10

Top: median price compared with October across the last 10 complete seasons. Bottom: in how many of those seasons that month had the lowest average price.

Reading the pattern

This is what happened in past winters, not a forecast. Cold snaps, supply problems and crude oil prices can move any single season against the pattern, and heating oil follows diesel and crude oil closely.

Many dealers offer pre-buy or capped-price contracts in late summer. Whether they pay off depends on the winter that follows; the season chart above shows how far prices have moved in past years.

Every heating season since 1996–97
  1. $1.04 1996–97
  2. $0.90 1997–98
  3. $0.75 1998–99
  4. $1.10 1999–00
  5. $1.34 2000–01
  6. $1.01 2001–02
  7. $1.28 2002–03
  8. $1.30 2003–04
  9. $1.79 2004–05
  10. $2.39 2005–06
  11. $2.32 2006–07
  12. $3.17 2007–08
  13. $2.43 2008–09
  14. $2.49 2009–10
  15. $3.05 2010–11
  16. $3.61 2011–12
  17. $3.69 2012–13
  18. $3.56 2013–14
  19. $2.78 2014–15
  20. $1.87 2015–16
  21. $2.10 2016–17
  22. $2.49 2017–18
  23. $2.66 2018–19
  24. $2.87 2019–20
  25. $2.70 2020–21
  26. $3.70 2021–22
  27. $4.56 2022–23
  28. $3.80 2023–24
  29. $3.49 2024–25
  30. $3.63 2025–26

Season average of the weekly survey prices, October–March, in dollars of the day (not adjusted for inflation).

Heating oil across the survey

  1. Nebraska $5.72
  2. North Carolina $5.84
  3. Kentucky $5.87
  4. Iowa $5.89
  5. Minnesota $5.95
  6. Maine $6.04
  7. Virginia $6.04
  8. Pennsylvania $6.05
  9. New Hampshire $6.07
  10. Vermont $6.10
  11. Wisconsin $6.14
  12. Connecticut $6.15
  13. Michigan $6.19
  14. Massachusetts $6.25
  15. New Jersey $6.38
  16. Rhode Island $6.40
  17. Ohio $6.41
  18. Maryland $6.43
  19. Delaware $6.44
  20. New York $6.44
  21. Indiana $6.50

Minnesota heating oil questions

Farmhouse on Route 114, East Haven, Vermont, March
Farmhouse on Route 114, East Haven, Vermont, March
What is the price of heating oil in Minnesota right now?

The average residential price was $5.948 a gallon the week of October 26, 2026, from EIA’s weekly survey. That is +3.2¢ from the week before. Prices from individual dealers vary, and many charge less for larger deliveries or cash payment.

How much does it cost to fill a 275-gallon tank in Minnesota?

About $1,063 for 179 gallons at this week’s average, filling from a quarter tank to 90%. Use the calculator above for your own gauge reading.

Is heating oil cheaper than propane in Minnesota?

Per unit of heat, propane is cheaper this week: $50.52 versus $26.37 per million Btu delivered, assuming 85% efficient equipment for both. Comparing price per gallon alone is misleading because a gallon of heating oil holds about 51% more heat than a gallon of propane.

When is the best time to buy heating oil in Minnesota?

In 3 of the last 10 heating seasons, January was the cheapest month for heating oil in Minnesota. The median season ran 1.5% above October by March. Off-season fills (late spring and summer) are not in EIA’s weekly survey, so they cannot be compared here.

Where does this price come from?

From the U.S. Energy Information Administration’s State Heating Oil and Propane Program, which surveys residential prices every Monday from October through March and publishes them on Wednesday. See methodology.

Source and update

U.S. Energy Information Administration, Heating Oil and Propane Update, series W_EPD2F_PRS_SMN_DPG. Weekly data from Oct 1, 1990; 776 surveys on record. This page was rebuilt on November 4, 2026.

Prices include taxes and are averages of dealer quotes for residential delivery. Nominal dollars. EIA data page · All sources