Heating costs in Indiana
The cheapest way to heat a home in Indiana at today's average prices is natural gas ($11.84 per million BTU of heat), then heat pump ($19.43). A heat pump costs 64.1% more to run than a gas furnace.
Heating oil $6.50/gal Oct 26, 2026 · +87.3% y/y
Propane $2.62/gal Oct 26, 2026 · +17.6% y/y
Natural gas $11.05/Mcf winter 2025–26 avg. · Jul 2026: $24.12
Electricity 17.0¢/kWh August 2026 · +5% y/y
Cheapest way to heat a home in Indiana cost of the same amount of heat
Heat source Price used Per million BTU of heat Per winter
Natural gas cheapest $11.05/Mcf · winter 2025–26 avg.
$11.84 $592 Heat pump 16.6¢/kWh ÷ COP 2.5
$19.43 $972 Propane $2.62/gal · Oct 26, 2026
$31.78 $1,589 Electric resistance 16.6¢/kWh · winter 2025–26 avg.
$48.58 $2,429 Heating oil $6.50/gal · Oct 26, 2026
$55.23 $2,762
How we compare: fuel price ÷ (energy content × efficiency). Assumptions — heating oil 138,500 BTU/gal at 85%, propane 91,500 BTU/gal at 90%, natural gas 1,037,000 BTU per Mcf at 90%, electric resistance 100%, heat pump seasonal COP 2.5 (lower in very cold weather). Gas and electricity use last winter's average price; oil and propane the latest weekly survey. Delivery fees, tank rental and fixed charges vary and are not included.
Heating oil in Indiana, winter by winter $3 $4 $5 $6 $7 Oct Nov Dec Jan Feb Mar Oct 2, 2023: $4.09 per gallon Oct 9, 2023: $3.98 per gallon Oct 16, 2023: $4.04 per gallon Oct 23, 2023: $4.12 per gallon Oct 30, 2023: $4.01 per gallon Nov 6, 2023: $4.07 per gallon Nov 13, 2023: $4.13 per gallon Nov 20, 2023: $4.03 per gallon Nov 27, 2023: $3.85 per gallon Dec 4, 2023: $3.64 per gallon Dec 11, 2023: $3.50 per gallon Dec 18, 2023: $3.50 per gallon Dec 25, 2023: $3.47 per gallon Jan 1, 2024: $3.40 per gallon Jan 8, 2024: $3.34 per gallon Jan 15, 2024: $3.39 per gallon Jan 22, 2024: $3.34 per gallon Jan 29, 2024: $3.35 per gallon Feb 5, 2024: $3.58 per gallon Feb 12, 2024: $3.81 per gallon Feb 19, 2024: $3.71 per gallon Feb 26, 2024: $3.65 per gallon Mar 4, 2024: $3.71 per gallon Mar 11, 2024: $3.73 per gallon Mar 18, 2024: $3.74 per gallon Mar 25, 2024: $3.72 per gallon Apr 8, 2024: $3.78 per gallon Oct 7, 2024: $3.32 per gallon Oct 14, 2024: $3.37 per gallon Oct 21, 2024: $3.28 per gallon Oct 28, 2024: $3.29 per gallon Nov 4, 2024: $3.32 per gallon Nov 11, 2024: $3.31 per gallon Nov 18, 2024: $3.27 per gallon Nov 25, 2024: $3.30 per gallon Dec 2, 2024: $3.19 per gallon Dec 9, 2024: $3.12 per gallon Dec 16, 2024: $3.21 per gallon Dec 23, 2024: $3.19 per gallon Dec 30, 2024: $3.19 per gallon Jan 6, 2025: $3.23 per gallon Jan 13, 2025: $3.22 per gallon Jan 20, 2025: $3.33 per gallon Jan 27, 2025: $3.29 per gallon Feb 3, 2025: $3.36 per gallon Feb 10, 2025: $3.39 per gallon Feb 17, 2025: $3.40 per gallon Feb 24, 2025: $3.44 per gallon Mar 3, 2025: $3.33 per gallon Mar 10, 2025: $3.31 per gallon Mar 17, 2025: $3.23 per gallon Mar 24, 2025: $3.25 per gallon Mar 31, 2025: $3.26 per gallon Apr 14, 2025: $3.21 per gallon Oct 6, 2025: $3.44 per gallon Oct 13, 2025: $3.31 per gallon Oct 20, 2025: $3.30 per gallon Oct 27, 2025: $3.47 per gallon Nov 3, 2025: $3.54 per gallon Nov 10, 2025: $3.62 per gallon Nov 17, 2025: $3.67 per gallon Nov 24, 2025: $3.51 per gallon Dec 1, 2025: $3.27 per gallon Dec 8, 2025: $3.22 per gallon Dec 15, 2025: $3.12 per gallon Dec 22, 2025: $3.05 per gallon Dec 29, 2025: $3.12 per gallon Jan 5, 2026: $3.07 per gallon Jan 12, 2026: $3.08 per gallon Jan 19, 2026: $3.10 per gallon Jan 26, 2026: $3.19 per gallon Feb 2, 2026: $3.33 per gallon Feb 9, 2026: $3.32 per gallon Feb 16, 2026: $3.40 per gallon Feb 23, 2026: $3.63 per gallon Mar 2, 2026: $3.67 per gallon Mar 9, 2026: $4.40 per gallon Mar 16, 2026: $4.57 per gallon Mar 23, 2026: $4.77 per gallon Mar 30, 2026: $4.68 per gallon Oct 5, 2026: $5.75 per gallon Oct 12, 2026: $6.02 per gallon Oct 19, 2026: $6.02 per gallon Oct 26, 2026: $6.50 per gallon $3 $4 $5 $6 $7 Oct Nov Dec Jan Feb Mar Oct 2, 2023: $4.09 per gallon Oct 9, 2023: $3.98 per gallon Oct 16, 2023: $4.04 per gallon Oct 23, 2023: $4.12 per gallon Oct 30, 2023: $4.01 per gallon Nov 6, 2023: $4.07 per gallon Nov 13, 2023: $4.13 per gallon Nov 20, 2023: $4.03 per gallon Nov 27, 2023: $3.85 per gallon Dec 4, 2023: $3.64 per gallon Dec 11, 2023: $3.50 per gallon Dec 18, 2023: $3.50 per gallon Dec 25, 2023: $3.47 per gallon Jan 1, 2024: $3.40 per gallon Jan 8, 2024: $3.34 per gallon Jan 15, 2024: $3.39 per gallon Jan 22, 2024: $3.34 per gallon Jan 29, 2024: $3.35 per gallon Feb 5, 2024: $3.58 per gallon Feb 12, 2024: $3.81 per gallon Feb 19, 2024: $3.71 per gallon Feb 26, 2024: $3.65 per gallon Mar 4, 2024: $3.71 per gallon Mar 11, 2024: $3.73 per gallon Mar 18, 2024: $3.74 per gallon Mar 25, 2024: $3.72 per gallon Apr 8, 2024: $3.78 per gallon Oct 7, 2024: $3.32 per gallon Oct 14, 2024: $3.37 per gallon Oct 21, 2024: $3.28 per gallon Oct 28, 2024: $3.29 per gallon Nov 4, 2024: $3.32 per gallon Nov 11, 2024: $3.31 per gallon Nov 18, 2024: $3.27 per gallon Nov 25, 2024: $3.30 per gallon Dec 2, 2024: $3.19 per gallon Dec 9, 2024: $3.12 per gallon Dec 16, 2024: $3.21 per gallon Dec 23, 2024: $3.19 per gallon Dec 30, 2024: $3.19 per gallon Jan 6, 2025: $3.23 per gallon Jan 13, 2025: $3.22 per gallon Jan 20, 2025: $3.33 per gallon Jan 27, 2025: $3.29 per gallon Feb 3, 2025: $3.36 per gallon Feb 10, 2025: $3.39 per gallon Feb 17, 2025: $3.40 per gallon Feb 24, 2025: $3.44 per gallon Mar 3, 2025: $3.33 per gallon Mar 10, 2025: $3.31 per gallon Mar 17, 2025: $3.23 per gallon Mar 24, 2025: $3.25 per gallon Mar 31, 2025: $3.26 per gallon Apr 14, 2025: $3.21 per gallon Oct 6, 2025: $3.44 per gallon Oct 13, 2025: $3.31 per gallon Oct 20, 2025: $3.30 per gallon Oct 27, 2025: $3.47 per gallon Nov 3, 2025: $3.54 per gallon Nov 10, 2025: $3.62 per gallon Nov 17, 2025: $3.67 per gallon Nov 24, 2025: $3.51 per gallon Dec 1, 2025: $3.27 per gallon Dec 8, 2025: $3.22 per gallon Dec 15, 2025: $3.12 per gallon Dec 22, 2025: $3.05 per gallon Dec 29, 2025: $3.12 per gallon Jan 5, 2026: $3.07 per gallon Jan 12, 2026: $3.08 per gallon Jan 19, 2026: $3.10 per gallon Jan 26, 2026: $3.19 per gallon Feb 2, 2026: $3.33 per gallon Feb 9, 2026: $3.32 per gallon Feb 16, 2026: $3.40 per gallon Feb 23, 2026: $3.63 per gallon Mar 2, 2026: $3.67 per gallon Mar 9, 2026: $4.40 per gallon Mar 16, 2026: $4.57 per gallon Mar 23, 2026: $4.77 per gallon Mar 30, 2026: $4.68 per gallon Oct 5, 2026: $5.75 per gallon Oct 12, 2026: $6.02 per gallon Oct 19, 2026: $6.02 per gallon Oct 26, 2026: $6.50 per gallon Weekly survey, Oct–Mar · hover a point for the exact price U.S. average: $6.23/gal. Source: EIA State Heating Oil and Propane Program (residential, weekly).
Propane in Indiana, winter by winter $2.0 $2.5 $3.0 Oct Nov Dec Jan Feb Mar Oct 2, 2023: $2.18 per gallon Oct 9, 2023: $2.21 per gallon Oct 16, 2023: $2.23 per gallon Oct 23, 2023: $2.23 per gallon Oct 30, 2023: $2.23 per gallon Nov 6, 2023: $2.24 per gallon Nov 13, 2023: $2.27 per gallon Nov 20, 2023: $2.27 per gallon Nov 27, 2023: $2.29 per gallon Dec 4, 2023: $2.31 per gallon Dec 11, 2023: $2.36 per gallon Dec 18, 2023: $2.38 per gallon Dec 25, 2023: $2.38 per gallon Jan 1, 2024: $2.40 per gallon Jan 8, 2024: $2.43 per gallon Jan 15, 2024: $2.48 per gallon Jan 22, 2024: $2.51 per gallon Jan 29, 2024: $2.51 per gallon Feb 5, 2024: $2.52 per gallon Feb 12, 2024: $2.52 per gallon Feb 19, 2024: $2.53 per gallon Feb 26, 2024: $2.52 per gallon Mar 4, 2024: $2.49 per gallon Mar 11, 2024: $2.49 per gallon Mar 18, 2024: $2.49 per gallon Mar 25, 2024: $2.47 per gallon Apr 8, 2024: $2.42 per gallon Oct 7, 2024: $2.14 per gallon Oct 14, 2024: $2.15 per gallon Oct 21, 2024: $2.16 per gallon Oct 28, 2024: $2.20 per gallon Nov 4, 2024: $2.26 per gallon Nov 11, 2024: $2.25 per gallon Nov 18, 2024: $2.26 per gallon Nov 25, 2024: $2.27 per gallon Dec 2, 2024: $2.31 per gallon Dec 9, 2024: $2.33 per gallon Dec 16, 2024: $2.34 per gallon Dec 23, 2024: $2.34 per gallon Dec 30, 2024: $2.35 per gallon Jan 6, 2025: $2.43 per gallon Jan 13, 2025: $2.49 per gallon Jan 20, 2025: $2.59 per gallon Jan 27, 2025: $2.61 per gallon Feb 3, 2025: $2.63 per gallon Feb 10, 2025: $2.63 per gallon Feb 17, 2025: $2.63 per gallon Feb 24, 2025: $2.63 per gallon Mar 3, 2025: $2.60 per gallon Mar 10, 2025: $2.60 per gallon Mar 17, 2025: $2.56 per gallon Mar 24, 2025: $2.51 per gallon Mar 31, 2025: $2.51 per gallon Apr 14, 2025: $2.44 per gallon Oct 6, 2025: $2.18 per gallon Oct 13, 2025: $2.19 per gallon Oct 20, 2025: $2.22 per gallon Oct 27, 2025: $2.23 per gallon Nov 3, 2025: $2.26 per gallon Nov 10, 2025: $2.27 per gallon Nov 17, 2025: $2.28 per gallon Nov 24, 2025: $2.29 per gallon Dec 1, 2025: $2.35 per gallon Dec 8, 2025: $2.37 per gallon Dec 15, 2025: $2.39 per gallon Dec 22, 2025: $2.42 per gallon Dec 29, 2025: $2.44 per gallon Jan 5, 2026: $2.49 per gallon Jan 12, 2026: $2.50 per gallon Jan 19, 2026: $2.51 per gallon Jan 26, 2026: $2.55 per gallon Feb 2, 2026: $2.68 per gallon Feb 9, 2026: $2.75 per gallon Feb 16, 2026: $2.79 per gallon Feb 23, 2026: $2.77 per gallon Mar 2, 2026: $2.70 per gallon Mar 9, 2026: $2.69 per gallon Mar 16, 2026: $2.68 per gallon Mar 23, 2026: $2.69 per gallon Mar 30, 2026: $2.63 per gallon Oct 5, 2026: $2.46 per gallon Oct 12, 2026: $2.49 per gallon Oct 19, 2026: $2.56 per gallon Oct 26, 2026: $2.62 per gallon $2.0 $2.5 $3.0 Oct Nov Dec Jan Feb Mar Oct 2, 2023: $2.18 per gallon Oct 9, 2023: $2.21 per gallon Oct 16, 2023: $2.23 per gallon Oct 23, 2023: $2.23 per gallon Oct 30, 2023: $2.23 per gallon Nov 6, 2023: $2.24 per gallon Nov 13, 2023: $2.27 per gallon Nov 20, 2023: $2.27 per gallon Nov 27, 2023: $2.29 per gallon Dec 4, 2023: $2.31 per gallon Dec 11, 2023: $2.36 per gallon Dec 18, 2023: $2.38 per gallon Dec 25, 2023: $2.38 per gallon Jan 1, 2024: $2.40 per gallon Jan 8, 2024: $2.43 per gallon Jan 15, 2024: $2.48 per gallon Jan 22, 2024: $2.51 per gallon Jan 29, 2024: $2.51 per gallon Feb 5, 2024: $2.52 per gallon Feb 12, 2024: $2.52 per gallon Feb 19, 2024: $2.53 per gallon Feb 26, 2024: $2.52 per gallon Mar 4, 2024: $2.49 per gallon Mar 11, 2024: $2.49 per gallon Mar 18, 2024: $2.49 per gallon Mar 25, 2024: $2.47 per gallon Apr 8, 2024: $2.42 per gallon Oct 7, 2024: $2.14 per gallon Oct 14, 2024: $2.15 per gallon Oct 21, 2024: $2.16 per gallon Oct 28, 2024: $2.20 per gallon Nov 4, 2024: $2.26 per gallon Nov 11, 2024: $2.25 per gallon Nov 18, 2024: $2.26 per gallon Nov 25, 2024: $2.27 per gallon Dec 2, 2024: $2.31 per gallon Dec 9, 2024: $2.33 per gallon Dec 16, 2024: $2.34 per gallon Dec 23, 2024: $2.34 per gallon Dec 30, 2024: $2.35 per gallon Jan 6, 2025: $2.43 per gallon Jan 13, 2025: $2.49 per gallon Jan 20, 2025: $2.59 per gallon Jan 27, 2025: $2.61 per gallon Feb 3, 2025: $2.63 per gallon Feb 10, 2025: $2.63 per gallon Feb 17, 2025: $2.63 per gallon Feb 24, 2025: $2.63 per gallon Mar 3, 2025: $2.60 per gallon Mar 10, 2025: $2.60 per gallon Mar 17, 2025: $2.56 per gallon Mar 24, 2025: $2.51 per gallon Mar 31, 2025: $2.51 per gallon Apr 14, 2025: $2.44 per gallon Oct 6, 2025: $2.18 per gallon Oct 13, 2025: $2.19 per gallon Oct 20, 2025: $2.22 per gallon Oct 27, 2025: $2.23 per gallon Nov 3, 2025: $2.26 per gallon Nov 10, 2025: $2.27 per gallon Nov 17, 2025: $2.28 per gallon Nov 24, 2025: $2.29 per gallon Dec 1, 2025: $2.35 per gallon Dec 8, 2025: $2.37 per gallon Dec 15, 2025: $2.39 per gallon Dec 22, 2025: $2.42 per gallon Dec 29, 2025: $2.44 per gallon Jan 5, 2026: $2.49 per gallon Jan 12, 2026: $2.50 per gallon Jan 19, 2026: $2.51 per gallon Jan 26, 2026: $2.55 per gallon Feb 2, 2026: $2.68 per gallon Feb 9, 2026: $2.75 per gallon Feb 16, 2026: $2.79 per gallon Feb 23, 2026: $2.77 per gallon Mar 2, 2026: $2.70 per gallon Mar 9, 2026: $2.69 per gallon Mar 16, 2026: $2.68 per gallon Mar 23, 2026: $2.69 per gallon Mar 30, 2026: $2.63 per gallon Oct 5, 2026: $2.46 per gallon Oct 12, 2026: $2.49 per gallon Oct 19, 2026: $2.56 per gallon Oct 26, 2026: $2.62 per gallon Weekly survey, Oct–Mar · hover a point for the exact price U.S. average: $2.73/gal. Source: EIA State Heating Oil and Propane Program (residential, weekly).
Natural gas price in Indiana $6 $11 $16 $21 $26 2024 2025 2026 August 2023: $23.67 per thousand cubic feet September 2023: $20.72 per thousand cubic feet October 2023: $11.96 per thousand cubic feet November 2023: $9.92 per thousand cubic feet December 2023: $9.29 per thousand cubic feet January 2024: $7.40 per thousand cubic feet February 2024: $8.16 per thousand cubic feet March 2024: $8.15 per thousand cubic feet April 2024: $8.64 per thousand cubic feet May 2024: $14.34 per thousand cubic feet June 2024: $18.66 per thousand cubic feet July 2024: $20.43 per thousand cubic feet August 2024: $19.24 per thousand cubic feet September 2024: $20.10 per thousand cubic feet October 2024: $13.28 per thousand cubic feet November 2024: $9.95 per thousand cubic feet December 2024: $8.37 per thousand cubic feet January 2025: $8.85 per thousand cubic feet February 2025: $9.57 per thousand cubic feet March 2025: $11.59 per thousand cubic feet April 2025: $12.66 per thousand cubic feet May 2025: $14.04 per thousand cubic feet June 2025: $27.20 per thousand cubic feet July 2025: $23.21 per thousand cubic feet August 2025: $25.06 per thousand cubic feet September 2025: $22.85 per thousand cubic feet October 2025: $14.86 per thousand cubic feet November 2025: $11.31 per thousand cubic feet December 2025: $10.25 per thousand cubic feet January 2026: $10.03 per thousand cubic feet February 2026: $11.17 per thousand cubic feet March 2026: $12.49 per thousand cubic feet April 2026: $14.45 per thousand cubic feet May 2026: $13.70 per thousand cubic feet June 2026: $24.52 per thousand cubic feet July 2026: $24.12 per thousand cubic feet $6 $11 $16 $21 $26 2024 2025 2026 August 2023: $23.67 per thousand cubic feet September 2023: $20.72 per thousand cubic feet October 2023: $11.96 per thousand cubic feet November 2023: $9.92 per thousand cubic feet December 2023: $9.29 per thousand cubic feet January 2024: $7.40 per thousand cubic feet February 2024: $8.16 per thousand cubic feet March 2024: $8.15 per thousand cubic feet April 2024: $8.64 per thousand cubic feet May 2024: $14.34 per thousand cubic feet June 2024: $18.66 per thousand cubic feet July 2024: $20.43 per thousand cubic feet August 2024: $19.24 per thousand cubic feet September 2024: $20.10 per thousand cubic feet October 2024: $13.28 per thousand cubic feet November 2024: $9.95 per thousand cubic feet December 2024: $8.37 per thousand cubic feet January 2025: $8.85 per thousand cubic feet February 2025: $9.57 per thousand cubic feet March 2025: $11.59 per thousand cubic feet April 2025: $12.66 per thousand cubic feet May 2025: $14.04 per thousand cubic feet June 2025: $27.20 per thousand cubic feet July 2025: $23.21 per thousand cubic feet August 2025: $25.06 per thousand cubic feet September 2025: $22.85 per thousand cubic feet October 2025: $14.86 per thousand cubic feet November 2025: $11.31 per thousand cubic feet December 2025: $10.25 per thousand cubic feet January 2026: $10.03 per thousand cubic feet February 2026: $11.17 per thousand cubic feet March 2026: $12.49 per thousand cubic feet April 2026: $14.45 per thousand cubic feet May 2026: $13.70 per thousand cubic feet June 2026: $24.52 per thousand cubic feet July 2026: $24.12 per thousand cubic feet Monthly · summer prices per Mcf run higher because fixed charges are spread over less gas Average price paid by homes, including delivery charges. Source: EIA Natural Gas Monthly.
Questions How much is heating oil in Indiana? $6.50 per gallon for homes in the EIA survey of Oct 26, 2026 (+87.3% vs. a year earlier).
How much is propane in Indiana? $2.62 per gallon for homes in the EIA survey of Oct 26, 2026 (+17.6% vs. a year earlier).
Is a heat pump cheaper than gas in Indiana? Not at average prices: a heat pump (seasonal COP 2.5) costs $19.43 per million BTU of heat, 64.1% more than a 90% gas furnace at $11.84. A higher-efficiency heat pump or a lower electricity rate can change this.
What is the cheapest way to heat a home in Indiana? At current average prices: natural gas $11.84, heat pump $19.43, propane $31.78, electric resistance $48.58, heating oil $55.23 per million BTU of delivered heat (cheapest first).