# Heating Oil Fell 5% From Its Record. The Refining Margin Behind It Fell 24%.

> US residential No. 2 heating oil peaked at $6.23 a gallon on October 23, 2026, then fell to $5.915 by November 9. Wholesale heating oil fell 11.2% over the same period as crude and refining margins declined.

- Date: 2026-11-14 · published 2026-11-15T00:08:58.114Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/100170-heating-oil-fell-5-from-its-record-the-refining-margin-behind-it-fell-24
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower diesel and heating oil prices reduce energy costs for feed transport and drying, and weaker crude eases pressure on biofuel feedstock economics.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- ainvest.com: https://www.ainvest.com/news/heating-oil-fell-5-record-refining-margin-fell-24-2611/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.