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: Volatile Day Ends Mostly Lower10-22

    DTN Livestock Close: Futures Move Back Higher10-22

    Alabama: Recent Weather Radar Oddity Was Mayfly Swarm10-22

    Doane Cotton Close: No New Fundamental News10-22

    Soybean Harvest: Prioritize Shatter-Prone Fields – DTN10-22

    Ethanol: Court Tosses E15 Labeling Lawsuit – DTN10-22

    AFB Grain-Soybean Close: Wheat Continues Higher, Slight Losses in Corn, Soybeans10-22

    AFB Cotton Close: Inside Day Turns Negative10-22

    AFB Rice Close: Futures Mostly Higher10-22

    Georgia: 2 Counties Declared Natural Disaster Areas10-22

    Arkansas: 2 Counties Designated Natural Disaster Areas10-22

    DTN Cotton Close: Mixed on Light Volume10-22

    DTN Grain Close: Wheat Higher, Corn, Soybeans Pull Back10-22

    AgFax Grain Review: More Lawsuits Against Syngenta; Harvest Well Behind Pace10-22

    DTN Livestock Midday: Hog Futures Lead Complex Higher10-22

    2 Families, 2 Approaches to Building Ranch Tourism — DTN10-22

    DTN Grain Midday: Trade Firm but Off Highs10-22

    Don’t Just Piggy-Back on Others’ Prices in Ag Commodity Markets10-22

    DTN Cotton Open: Higher in Subdued Dealings10-22

    DTN Livestock Open: Trade Off to Sluggish Start10-22

    DTN Grain Open: All 3 Commodities Begin Higher10-22

    National Cotton Council Commends Timely APH Announcement10-22

    Keith Good: APH Yield Exclusion Implementation Draws Praise — Mostly10-22

    Wheat Growers to Seek Inclusion in APH Yield Exclusion for 2015 – DTN10-21

    Farm Shop Dream Requires Thoughtful Planning – DTN10-21

    USDA: Weekly National Peanut Prices10-21

    USDA to Implement APH Yield Exclusion for 2015 Spring Crops10-21

    Arkansas: USA Rice Outlook Conference Set Dec. 7-9 in Little Rock10-21

    AgFax Cotton Review: Lower Acres May Close Mill; Australia Acres Up10-21

    DTN Fertilizer Trends: High Costs May Alter Growers’ Tactics for 201510-21

    Herbicide Resistant Weed Summit’s Slides, Webcast Available Online10-20

    Rice and Sugar: Thailand’s Quest for World Domination10-20

    AgFax Peanut Review: NM Down 6M Pounds as State Celebrates 100 Year Crop10-20

    Livestock: WTO Rules Against U.S. in COOL Dispute — DTN10-20

    Wheat Scientists, Breeders Advocate Biotech Crop — DTN10-20

    Good on Grain: Storage Issues May be Less Severe Than Anticipated10-20

    Brazil Soybeans: Planting Falls Further Behind — DTN10-20

    Flint on Crops: Cover Crops Provide Many Benefits10-20

    New Holland Combine Sets Guinness Harvest Record10-18

    Rice Market: Sideways Movement Continues10-17

    Rice Crop: Delta Region Saw Harvest Delays with Storms10-17

    Rose on Cotton: Dec Contract Still Under Pressure10-17

    Cleveland on Cotton: Exports Lowest in ‘My Memory’10-17

    Brazil: Beef Production Steps Up Over Next 10 Years10-17

    Soybeans: Neonic Seed Treatment Little or No Benefit, says EPA – DTN10-17

    Informa Forecast: Soybean Acres Up 4.3M in 2015 – DTN10-17

    DTN Grain Close: Prices Down for the Day, Positive for the Week10-17

    Crop Margins Tighten, Living Expenses Not Far Behind10-17

    USDA: Peanut Price Highlights10-17

    Georgia: 6 Counties Declared Natural Disaster Areas10-17

    Livestock: WTO Ruling on Country of Origin Labeling Expected Soon — DTN10-17

    U.S. Energy: Narrowing Brent-WTI Spread Impacts Global Crude Markets10-17

    Gasoline Prices: Show 9-Cent Decline10-17

    Propane Stocks: Rise by 0.7M Barrels10-17

    Diesel Prices: Average Decreases 4 Cents10-17

    Georgia Blueberries: State Leads Nation in Production — 96M Pounds10-17

    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