Thursday, January 19, 2012

Diesel And Gasoline Prices Rose For The Second Consecutive Week

AgFax.Com - Your Online Ag News Source


Gasoline price increases for a fourth straight week
The U.S. average retail price of regular gasoline reached $3.39 per gallon after rising less than a penny this week. The average price increased over $0.16 per gallon in the last four weeks and was $0.29 per gallon higher than last year at this time. The largest regional increase occurred on the East Coast, a rise of almost two cents to $3.43 per gallon. The Gulf Coast region followed with an increase of a cent to land at $3.21 per gallon. The Midwest moved about a penny higher while the West Coast price was virtually unchanged after increasing just two-tenths of a cent. The West Coast average remained the highest in the Nation at $3.61 per gallon. The Rocky Mountain average decreased for the thirteenth consecutive week, dropping almost a penny to $3.00 per gallon.

The national average diesel price rose for the second consecutive week, increasing over two cents to $3.85 per gallon. The diesel price is $0.45 per gallon higher than last year at this time. The East Coast had the largest regional increase at three and a half cents per gallon to put the price at $3.94 per gallon. The Gulf Coast and Midwest regions both increased just under three cents per gallon to $3.78 per gallon and $3.75 per gallon, respectively. The West Coast average increased just over a penny to the highest regional price of $4.04 per gallon. The Rocky Mountain price went against the trend and decreased two cents to $3.82 per gallon.

U.S. average heating oil price increases
The residential heating oil price increased during the week ending January 16, 2012. The average residential heating oil price rose by $0.02 per gallon this week to reach $3.95 per gallon. This price is $0.50 per gallon higher than the same time last year. The wholesale heating oil price decreased by $0.04 per gallon this week to $3.12 per gallon, $0.38 per gallon higher than last year at this time.

The average residential propane price increased by less than $0.01 per gallon, nearly reaching $2.87 per gallon, which is $0.08 per gallon higher than last year. The average wholesale propane price decreased by $0.05 per gallon to nearly $1.21 per gallon. This was a decrease of $0.25 per gallon when compared with the January 17, 2011 price of $1.45 per gallon.

Propane inventories continue seasonal descent
Total U.S. propane stocks continued to drop last week, falling by 1.1 million barrels to end at 53.2 million barrels, which is at the upper end of the five-year range. The East Coast region led the draw, with stocks dropping by 0.4 million barrels. The Midwest and Gulf Coast regional inventories each fell by 0.3 million barrels and the Rocky Mountain/West Coast stocks declined slightly. Propylene non-fuel use inventories represented 10.0 percent of total propane inventories.

 For More Information: This Week In Petroleum


Leave a Reply

Name and Email Address are required fields. Your email will not be published or shared with third parties.

Sunbelt Ag News

    Grain TV: Markets Hit by Selling Pressure10-30

    DTN Livestock Close: Cattle Complex Enjoys Short-Covering Rally10-30

    Doane Cotton Close: Strong Exports Continue10-30

    ELS Cotton Competitive Payment Rate Is Zero10-30

    AFB Grain-Soybean Close: Strong Exports Unable to Support Prices10-30

    AFB Cotton Close: Futures Retrace Gains10-30

    AFB Rice Close: Futures Turn Strongly Lower10-30

    Biodiesel: 2014 A Tough Year for Producers10-30

    DTN Cotton Close: Reverses off New High to End Lower10-30

    Kansas Officials Point Out Flaws in Clean Water Act – DTN10-30

    DTN Grain Close: Rally Pauses as Prices Backtrack10-30

    Ag Secretary Discusses Challenges Facing Future Farmers — DTN10-30

    DTN Livestock Midday: Sharp Losses Develop in Hog Futures10-30

    U.S. Grain Transportation: Barge Rates Remain Well Above Average10-30

    Mississippi: Fall Tests for Nematodes Help Keep Crops Healthy10-30

    DTN Grain Midday: Trade is Flat to Lower10-30

    DTN Cotton Open: Futures Tick Near Unchanged10-30

    California’s SJV Included in Report on Soil Loss to Salt Damage10-30

    U.S. Energy: Gas Prices Drop to Lowest Since December 201010-30

    Gasoline Prices: Average Drops 6 Cents10-30

    Propane Stocks: Down 1.3M Barrels10-30

    Diesel Prices: Decrease by 2 Cents10-30

    New Research Study Shows the Value of Neonics10-30

    DTN Livestock Open: Futures Staged for Mixed Start10-30

    DTN Grain Open: Markets Extend Rally Overnight10-30

    Keith Good: Drought Impacts California Rice; Farm Land Market Cools10-30

    Texas: Pecos County Pesticide Workshop, Fort Stockton, Nov. 1810-29

    Florida: Sugarcane Field Day, Quincy, Nov. 310-29

    Texas Wildlife: New Deer Management App Just in Time for Deer Season10-29

    Peanut Stocks: Utilization Up 6%, Stocks Total 1.2B Pounds10-29

    Georgia: Brooks County Clean Day Rescheduled to Nov. 1210-29

    AgFax Cotton Review: U.S.’s High Quality Offers Market Resilience10-29

    Georgia: USDA Designates Early County Primary Natural Disaster Area10-29

    China Consumers Often Misled on GMO Food Issues — DTN10-29

    DTN Fertilizer Outlook: Demand May Fall with Crop Prices10-29

    Grain Market Math Test, Part 2 — DTN10-29

    Welch on Wheat: Crop Condition Right on Average10-28

    Welch on Grain: Corn Harvest Runs Behind but Conditions Remain High10-28

    USDA: Weekly National Peanut Prices10-28

    Mississippi Wild Hogs: Trapping Is the Best Control Method10-28

    DTN Fertilizer Trends: Stubborn Prices Pose Dilemma for Grain Farmers10-28

    What Happens to Corn Prices When Stock Market Falls? — DTN10-28

    Georgia Peanuts: Spider Mite Damage Rises in Dry Weather10-28

    Vilsack: COOL Appeal Decision to be Made in January — DTN10-27

    Livestock: Record Cattle Prices, Again and Again10-27

    AgFax Rice Review: Defense Against Arsenic; Japan’s Modernization10-27

    Mandatory COOL: Detrimental to Trade, No Easy Solution — Economist10-27

    Group Works to Improve Fertilizer Efficiency — DTN10-27

    Shurley on Cotton: Lackluster Week Closes on High Note10-27

    China’s U.S. Corn Rejections Prompt New Business — DTN10-27

    Flint on Crops: Mississippi Snow Arrives in October10-27

    Sunbelt Ag Events

    Rice News

     

    About Us

    AgFax.Com covers agricultural trends and production topics, with an emphasis on news about cotton, rice, peanuts, corn, soybeans, wheat and tree crops, including almonds, pecans, walnuts and pistachios.

      

    This site also serves as the on-line presence of electronic crop and pest reports published by AgFax Media LLC (formerly Looking South Communications).

        

    Click here to subscribe to our free reports.

      

    We provide early warnings and confirmations about pests, diseases and other factors that influence yield. Our goal is to quickly provide farmers and crop advisors with information needed to make better and more profitable decisions.

         

    Our free weekly crop and pest advisories include:

    • AgFax Midsouth Cotton, covering cotton production and news in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and Missouri.

    • AgFax Southeast Cotton, covering cotton production and news in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia.

    • AgFax Southwest Cotton (new for 2013!), covering cotton production and news in Texas, Oklahoma, Kansas and New Mexico.

    • AgFax West (formerly MiteFax: SJV Cotton), covering California cotton, alfalfa, tomatoes and other non-permanent crops in California's Central Valley.

    • AgFax Rice covering rice production and news in Arkansas, Louisiana, Mississippi, Missouri and Texas.

    • AgFax Peanuts, covering peanut production in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Texas and Virginia.

    • AgFax Southern Grain: covering soybeans, corn, milo and small grains in Southern states.

    • AgFax Almonds, covering almonds, pistachios, walnuts and other tree crops in California's Central Valley.

    • AgCom 101, providing guidance to ag professionals involved in social media.

    Our newsletters are sponsored by the following companies: FMC Corporation Chemtura Dow AgroSciences.

          

    Mission statement:

    Make it as easy as possible for our community of readers to find and/or receive needed information.

              

    Contact Information:

    AgFax Media. LLC

    142 Westlake Drive Brandon, MS 39047

    601-992-9488 Office 601-992-3503 Fax

    Owen Taylor Debra L. Ferguson Laurie Courtney

          

    Circulation Questions?

    Contact Laurie Courtney