Home Heating Oil Price Per Gallon Forecast 2024. Updated on march 14, 2024 at 10:18 pm. Analysts predict a challenging year for oil prices in 2024.
The current national average for residential heating oil prices stands at $3.985/gallon as of january 1, 2024, according to the u.s. The extension of opec+ output cuts through 1q24 did little to prop up oil prices.
Average Retail Gasoline Price Will Average About $3.50 Per Gallon (Gal) This Year, Almost 20 Cents/Gal Higher On An Annual Average Basis In 2024.
The energy watchdog forecast demand will rise by 1.3 million barrels per day in 2024, up 110,000 bpd from last month, but still lower than growth of 2.3 million bpd last year.
Gasoline B Dollars Per Gallon:
Currently, it appears that oil prices in 2024 will remain steady, hovering around the same price of around $82 per barrel as it did in 2023 1.
Here Are The Latest Oil Forecasts And Price Predictions For 2024.
Heating oil increased 0.10 usd/gal or 3.96% since the beginning of 2024, according to trading on a contract for difference (cfd) that tracks the benchmark market for this commodity.
The Current Price Of Heating Oil In The United Kingdom Is Gbp 0.80 Per Liter Or Usd 1.02 Per Liter.