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

    AFB Grain-Soybean Close: Soybeans Lead Markets Higher7-23

    AFB Cotton Close: Dec. Continues Slight Gains7-23

    AFB Rice Close: Futures See Slight Losses7-23

    10 Arkansas and 2 Tennessee Counties Designated Natural Disaster Areas7-23

    DTN Cotton Close: Slight Gains in Dec.7-23

    AgFax Grain Review: Chinese Soy Imports to Climb; Best Crop Conditions in Decades7-23

    Soybeans: Is the 2014 Average Yield Headed for a New Record?7-23

    Drones Monitoring the Garden or Your Crop? One is Legal, one is not.7-23

    DTN Grain Close: Unexpected Buying Lifts Soybeans7-23

    DTN Livestock Midday: Lean Hog Futures Move Sharply Lower7-23

    DTN Grain Midday: Soybean Futures 8 to 13 Higher7-23

    Cotton In The Midsouth – Plant Bugs Persist As Bollworms Arrive – AgFax7-23

    DTN Cotton Open: Ticks Higher in Quiet Dealings7-23

    Cotton – Plant Bugs, Stink Bugs Overlapping In Parts Of Southeast – AgFax7-23

    DTN Livestock Open: Cattle Pits Staged for Firm Start7-23

    DTN Grain Open: Trade Off to Quiet Start7-23

    Keith Good: EPA Rejects Milo-Pro Herbicide for Use in Texas Cotton7-23

    Cotton in Southwest: Blooms Spreading; Fleahopper, White Fly on the Move7-22

    DTN Livestock Close: Red-Hot Bullishness Storms Through Cattle Complex7-22

    Doane Cotton Close: ICAC Releases Supply and Demand Forecasts7-22

    USDA: Don’t Forget Farm Bill Conservation Compliance Changes7-22

    USDA: Weekly National Peanut Prices7-22

    AgFax Cotton Review: Worst Price Slump in 55 Years; Weather Delays Development7-22

    Good Reports on Corn; Wet Weather Stressing Beans — DTN7-22

    Cattle: Nebraska Study Finds No Ill Effects from Zilmax — DTN7-22

    South Korea Importers Returning to U.S. Corn, DDGS — DTN7-22

    Oklahoma Farmer Modifies Business Choices Due to Wet Spring – DTN7-21

    Cover Crops a Good Replacement in Weather Damaged Fields – DTN7-21

    AgFax Rice Review: UN Prescribes Arsenic Levels; Armyworms Abound in MS7-21

    Arkansas: Emerald Ash Borer Turns Up to Threaten Ash Trees7-21

    Good on Grain: Corn Price Premiums Continue to Fade7-21

    It’s Been 18 Years – What’s Happened in Herbicide Tolerant and Insect Resistant Crops?7-21

    USDA Creates Soybeans Out of Thin Air, Sorta — DTN7-21

    Mississippi Wheat: MSU Releases Variety Trial Data7-21

    Flint on Crops: Bacterial Blight Makes a Comeback in Cotton7-21

    California Cotton: Crop Moving Fast. Strong Yield Potential – AgFax7-20

    Peanut Insects Forcing Decisions In Some Southern Fields – AgFax7-19

    Florida Cotton: Fertilizing Late Planted Crop7-18

    Rose on Cotton: Future Holds Possibility of New Crop Sales Increase7-18

    Rice Market: USDA Report Leaves Unanswered Questions7-18

    Rice Crop: Texas Crop Heading; Arkansas Recovering From Heavy Rains7-18

    Midwest: Late-Summer Drought Unlikely – DTN7-18

    Do Bigger Farms Really Have Lower Costs? Not Really.7-18

    Welch on Wheat: Production Increased, Usage Decreased7-18

    Welch on Grain: Higher Than Expected Corn Stocks7-18

    Cleveland on Cotton: The Low Price Cure? Maybe.7-18

    USDA: Peanut Price Highlights7-18

    Georgia Cotton Insect Advisor: New App for Aid with Stink Bug Decisions7-18

    Documentation of Farm Assets, Contracts Aids Survivors — DTN7-18

    AgFax Wildlife Review: Hunting Wild Hogs in the Air and on the Air7-18

    DTN Dried Distillers Grains: Fall in Prices Slowing Down?7-18

    Georgia: Vidalia Onion Growers Battling Yellow Bud Disease7-18

    Interest Rates Have Been Too Low for Too Long – DTN7-17

    Brazil Ag Investments Switch to Logistics, Technology – DTN7-17

    Herbicide Resistance: Exploring Weed Control Options – DTN7-17

    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