Heating costs in Oregon
The cheapest way to heat a home in Oregon at today's average prices is heat pump ($17.55 per million BTU of heat), then natural gas ($17.76). A heat pump costs 1.2% less to run than a gas furnace.
Natural gas $16.57/Mcf winter 2025–26 avg. · Jul 2026: $23.23
Electricity 15.9¢/kWh August 2026 · +0.4% y/y
Cheapest way to heat a home in Oregon cost of the same amount of heat
Heat source Price used Per million BTU of heat Per winter
Heat pump cheapest 15.0¢/kWh ÷ COP 2.5
$17.55 $877 Natural gas $16.57/Mcf · winter 2025–26 avg.
$17.76 $888 Electric resistance 15.0¢/kWh · winter 2025–26 avg.
$43.87 $2,193
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.
Natural gas price in Oregon $12 $15 $18 $21 $24 2024 2025 2026 August 2023: $22.61 per thousand cubic feet September 2023: $20.56 per thousand cubic feet October 2023: $16.38 per thousand cubic feet November 2023: $15.64 per thousand cubic feet December 2023: $16.06 per thousand cubic feet January 2024: $14.13 per thousand cubic feet February 2024: $13.85 per thousand cubic feet March 2024: $15.47 per thousand cubic feet April 2024: $15.22 per thousand cubic feet May 2024: $16.50 per thousand cubic feet June 2024: $19.58 per thousand cubic feet July 2024: $22.09 per thousand cubic feet August 2024: $21.74 per thousand cubic feet September 2024: $20.60 per thousand cubic feet October 2024: $16.61 per thousand cubic feet November 2024: $15.58 per thousand cubic feet December 2024: $16.00 per thousand cubic feet January 2025: $14.22 per thousand cubic feet February 2025: $13.80 per thousand cubic feet March 2025: $16.75 per thousand cubic feet April 2025: $18.61 per thousand cubic feet May 2025: $17.89 per thousand cubic feet June 2025: $21.49 per thousand cubic feet July 2025: $23.13 per thousand cubic feet August 2025: $23.49 per thousand cubic feet September 2025: $22.18 per thousand cubic feet October 2025: $16.82 per thousand cubic feet November 2025: $17.44 per thousand cubic feet December 2025: $17.66 per thousand cubic feet January 2026: $15.37 per thousand cubic feet February 2026: $14.41 per thousand cubic feet March 2026: $17.98 per thousand cubic feet April 2026: $18.72 per thousand cubic feet May 2026: $20.59 per thousand cubic feet June 2026: $21.60 per thousand cubic feet July 2026: $23.23 per thousand cubic feet $12 $15 $18 $21 $24 2024 2025 2026 August 2023: $22.61 per thousand cubic feet September 2023: $20.56 per thousand cubic feet October 2023: $16.38 per thousand cubic feet November 2023: $15.64 per thousand cubic feet December 2023: $16.06 per thousand cubic feet January 2024: $14.13 per thousand cubic feet February 2024: $13.85 per thousand cubic feet March 2024: $15.47 per thousand cubic feet April 2024: $15.22 per thousand cubic feet May 2024: $16.50 per thousand cubic feet June 2024: $19.58 per thousand cubic feet July 2024: $22.09 per thousand cubic feet August 2024: $21.74 per thousand cubic feet September 2024: $20.60 per thousand cubic feet October 2024: $16.61 per thousand cubic feet November 2024: $15.58 per thousand cubic feet December 2024: $16.00 per thousand cubic feet January 2025: $14.22 per thousand cubic feet February 2025: $13.80 per thousand cubic feet March 2025: $16.75 per thousand cubic feet April 2025: $18.61 per thousand cubic feet May 2025: $17.89 per thousand cubic feet June 2025: $21.49 per thousand cubic feet July 2025: $23.13 per thousand cubic feet August 2025: $23.49 per thousand cubic feet September 2025: $22.18 per thousand cubic feet October 2025: $16.82 per thousand cubic feet November 2025: $17.44 per thousand cubic feet December 2025: $17.66 per thousand cubic feet January 2026: $15.37 per thousand cubic feet February 2026: $14.41 per thousand cubic feet March 2026: $17.98 per thousand cubic feet April 2026: $18.72 per thousand cubic feet May 2026: $20.59 per thousand cubic feet June 2026: $21.60 per thousand cubic feet July 2026: $23.23 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 Is a heat pump cheaper than gas in Oregon? Yes, at average prices: a heat pump (seasonal COP 2.5) delivers heat for $17.55 per million BTU, 1.2% less than a 90% gas furnace at $17.76.
What is the cheapest way to heat a home in Oregon? At current average prices: heat pump $17.55, natural gas $17.76, electric resistance $43.87 per million BTU of delivered heat (cheapest first).