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Diesel, Gas Prices Jump Higher

Ernst Undesser
From the Energy Information Administration November 8, 2017

Diesel, Gas Prices Jump Higher

The U.S. average diesel fuel price increased 6 cents to $2.88 per gallon on November 6, 41 cents higher than a year ago. The West Coast price increased 22 cents to $3.33 per gallon, the Midwest price increased 5 cents to $2.86 per gallon, the East Coast price increased 4 cents to $2.85 per gallon, the Gulf Coast price increased 3 cents to $2.67 per gallon, and the Rocky Mountain price increased 2 cents to $2.97 per gallon.

The U.S. average regular gasoline retail price increased 7 cents from the previous week to $2.56 per gallon on November 6, up 33 cents from the same time last year. The West Coast and Midwest prices each increased 12 cents to $3.05 per gallon and $2.55 per gallon, respectively, the East Coast and Gulf Coast prices each increased 3 cents per gallon to $2.48 per gallon and $2.25 per gallon, respectively, and the Rocky Mountain price increased 2 cents to $2.54 per gallon.

U.S. propane stocks decreased by 1.1 million barrels last week to 77.2 million barrels as of November 03, 2017, 6.6 million barrels (7.9%) lower than the five-year average inventory level for this same time of year. Midwest inventories decreased by 1.0 million barrels, East Coast and Rocky Mountain/West Coast inventories each decreased by 0.1 million barrels, and Gulf Coast inventories fell slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 3.3% of total propane inventories.

Residential propane prices averaged $2.32 per gallon, 2 cents per gallon more than last week and nearly 26 cents per gallon higher than a year ago. Wholesale propane prices averaged just under $1.07 per gallon, nearly 1 cent per gallon lower than last week but almost 41 cents per gallon higher than last year’s price.

As of November 6, 2017, residential heating oil prices averaged nearly $2.74 per gallon, 4 cents per gallon more than last week and 35 cents per gallon higher than last year’s price at this time. The average wholesale heating oil price for this week is $1.99 per gallon, just under 4 cents per gallon more than last week and nearly 49 cents per gallon higher than a year ago.


Source: : https://www.eia.gov/petroleum/weekly/

Ernst Undesser
From the Energy Information Administration November 8, 2017