Trends in Oil Prices in NJ for Winter 2016

The National Weather Service is observing ocean and atmospheric conditions that reflect “enso-neutral” conditions this season. If these conditions continue, many are predicting above-normal temperatures across the U.S. this winter. That could mean another season of using less heating oil than average – which is great for your pocket! As a bonus, experts are predicting stable heating oil prices in NJ, ensuring that you stay comfortably warm and save money at the same time.

Trends for Heating Oil Prices in NJ

For customers buying heating oil for the upcoming season, costs are down 35% from two years ago and 40% from three years ago. The price per gallon of heating oil in New Jersey averages about 16 cents lower today, than compared to 2015.

According to the Federal Energy Information Agency, heating oil prices in NJ average about $2.35 a gallon going into the current winter season. The EIA states last year’s average was $2.50; two years ago, it was $3.64 a gallon; and three years ago, it was $3.86 a gallon – a steady downward trend.

Heating oil price predictions are subject to the severity of winter weather. While some are predicting an “enso-neutral” season, other experts are predicting cold and bitter conditions. With above average snowfalls forecasted for New Jersey, cold temperatures and severe weather patterns could have a bearing on supply and demand in the market.

Heating Oil Prices in NJ Can Fluctuate 

While we expect (and hope) heating oil prices in NJ to remain stable as the colder months approach, seasonal factors can always change things; Point Bay Fuel recommends customers be prepared and conserve whenever possible to account for unexpected weather-related oil price fluctuations.

Be Prepared– Take advantage of Point Bay’s service plan to ensure your peace of mind. You won’t have to worry about your heating system breaking down during the coldest winter days or in the middle of the night. Our Gold Plan for oil fired heating equipment provides maintenance service to increase and prolong your system’s longevity and efficiency. Gold Plan members also receive 24/7 emergency service, ensuring reliable service when you need it most.

Conserve– Follow a few simple DIY tips to help minimize heating costs while maximizing comfort. From sealing up air leaks and changing furnace filters to switching to biofuel and signing up for automatic heating oil delivery service, New Jersey homeowners can start cutting costs even if faced with a harsh winter.

Toms River 24/7 Heating Emergency Service

With top-rated customer service and 24/7 emergency heating repair, Point Bay is the most reliable Toms River heating company around. Our customers have trusted us for years to keep their families warm in the winter and cool in the summer. However, don’t just take our word for it, ask our customers.

Call 732-349-5059 with any questions about oil prices in NJ or to schedule an appointment.