Heating oil price today: ULSD futures slip after Arctic-blast rally as traders await U.S. inventories
NEW YORK, Jan 22, 2026, 07:03 EST — Premarket NYMEX February ultra-low sulphur diesel (ULSD) futures — often still referred to as heating oil — dropped 6.0 cents, or roughly 2.5%, settling at $2.3703 a gallon by 7:03 a.m. EST. Crude and gasoline futures slid as well, even as U.S. natural gas prices continued their climb. (Barchart.com) The pullback coincides with winter demand kicking in. ULSD follows the broader distillate market—a category covering diesel and heating oil—so price shifts can quickly impact trucking expenses and heating bills in the Northeast as temperatures drop. Timing is key. The U.S. Energy Information