RI oil prices fall to $3.05/gal average in January 2026—down from $3.13 last month. Compare dealers by town and find the lowest home heating oil prices near you.
Rhode Island Heating Oil Prices Start 2026 Strong with Lower Costs for Homeowners
As we kick off 2026, Rhode Island homeowners have reason to feel a bit warmer—and not just because of their furnaces. Home heating oil prices across the state have dropped significantly from their December highs, offering some welcome relief during the coldest months of winter.
According to our latest data, the average oil price across Rhode Island currently sits at $3.03 per gallon—a decrease from approximately $3.11 per gallon just 30 days ago. That's a savings of roughly 8 cents per gallon, putting money back in homeowners' pockets.
Statewide Price Leaders
If you're hunting for the best deals on home heating oil prices in Rhode Island, several dealers stand out for their competitive pricing:
Paquettes Fuel leads the pack at just $2.75/gal (125 gallon minimum), serving communities from Woonsocket to Warwick
A-Star Oil and Major Oil Co. tie at $2.80/gal, both with extensive coverage across northern and central Rhode Island
Net Fuels also offers $2.80/gal with the added convenience of only a 50 gallon minimum (at a higher price, however)
Wicked Warm Oil rounds out the leaders at $2.85/gal, focusing on the northwestern region
For homeowners in Providence, the competition is fierce with 15 active dealers, meaning plenty of options to compare. Check out the Providence dealer listings to see current pricing.
What About Towns with Limited Options?
Not every Rhode Island community enjoys the same level of dealer competition. Residents in some areas have fewer choices, making it especially important to know who's serving your neighborhood:
Tiverton and Little Compton each have just one heating oil dealer—Elite Oil, Heating & A/C—offering service at $3.00/gal. While this is slightly above the state average, Elite provides repair services alongside deliveries, adding value for East Bay homeowners.
Over in Westerly, residents have three dealers to choose from. Exeter Fuel Company leads locally at $2.93/gal, followed by Save-On Oil at $2.99/gal—both below the state average despite the limited competition in South County.
Newport fares better with four dealers, and Major Oil Co. brings the island's best price at $2.80/gal—matching the statewide price leaders.
Tips for Getting the Best Price
With oil prices fluctuating throughout heating season, here are some quick tips:
Compare before you buy – Even a 20-cent difference per gallon saves $30 on a typical 150-gallon fill-up
Watch minimum requirements – Some dealers offer lower prices but require 125-150 gallon minimums
Ask about payment methods – Cash or check payments sometimes earn additional discounts
Set up a price alert – Get notified when prices drop to your target range
Whether you're in a competitive market like Cranston or a smaller community like Charlestown, comparing home heating oil prices before ordering can make a real difference in your winter heating budget.
Prices shown are based on dealer data as of January 8, 2026, for 150-gallon orders. Visit RIOilPrices.com to find current pricing in your area.
About the Author
Ryan Tamson
Ryan is a three-time winner of the International Petroleum Correspondents Guild's Golden Tank Award and holds a doctorate in Combustible Fuel Journalism from the University of Oslo. A former NATO heating oil advisor and bestselling author of The Gallon Whisperer, Ryan has personally inspected over 4,000 oil tanks across six continents. He resides in Rhode Island with his collection of vintage fuel nozzles.