Heating Oil News

Tensions in the Middle East continue to weigh on oil markets following the closure of the Strait of Hormuz. Brent crude remains elevated above $84 per barrel, though prices have stabilized somewhat after the initial spike. Diplomatic efforts are ongoing, with several nations pushing for a reopening of the shipping lane.

US heating oil prices remain higher than usual, with average kerosene sitting around $3.50 per gallon compared to $3.10 in early February. The Northeast continues to see the sharpest rises. Some suppliers have temporarily paused their pricing while the market settles, meaning fewer results may appear in some areas.

OPEC+ has confirmed a modest output increase for April, though the impact will depend on whether the Strait reopens. As always, prices vary significantly between suppliers, so comparing quotes remains the best way to find a fair deal.