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The weekly (1/23/12) average national cost of Residential Heating Oil was $3.938 per gallon. To fill a 175 gallon tank the fill up cost would be $594.65 or an annual cost of approximately $2,378.60 (4 fills per year). The weekly (1/23/12) average national cost of Residential Propane was $2.863 per gallon. To fill a 250 gallon tank the fill up cost would be 715.75 or an annual cost of approximately $2863.00 (4 fills per year).
From October 2012 to March 2013, the average weekly price varied from from $2.195-$2.319, or about $880-$1,050 to fill a 500-gallon tank; between 2005 and 2010, prices averaged $1.73-$2.66 a gallon, or $690-$1,070 to fill a 500-gallon tank. With three to five fill-ups per six-month season, total winter costs could be $2,000-$5,500. Propane is a byproduct of oil and gas production, and in the past propane prices rose and fell in tandem with the cost of crude oil.