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Diesel, Gas Prices Dip

Ernst Undesser
From the Energy Information Administration November 22, 2017

Diesel, Gas Prices Dip

The U.S. average diesel fuel price fell less than one cent to $2.91 per gallon on November 20, 49 cents higher than a year ago. The West Coast, Midwest, and Gulf Coast prices each fell one cent to $3.38 per gallon, $2.87 per gallon, and $2.69 per gallon, respectively. The Rocky Mountain and East Coast and prices each increased over one cent to $3.00 per gallon and $2.90 per gallon, respectively.

The U.S. average regular gasoline retail price fell 2 cents from the previous week to $2.57 per gallon on November 20, up 41 cents from the same time last year. The West Coast and Midwest prices each fell three cents to $3.05 per gallon and $2.50 per gallon, respectively, the East Coast price fell two cents to $2.53 per gallon, and the Gulf Coast price fell nearly two cents to $2.29 per gallon. The Rocky Mountain price remained unchanged at $2.54 per gallon.

U.S. propane stocks decreased by 1.0 million barrels last week to 73.7 million barrels as of November 17, 2017, 9.8 million barrels (11.7%) lower than the five-year average inventory level for this same time of year. Gulf Coast inventory decreased by 0.5 million barrels, while East Coast and Midwest inventories each decreased by 0.2 million barrels. Rocky Mountain/West Coast inventories rose slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 3.5% of total propane inventories.

Residential propane prices averaged $2.42 per gallon, almost 4 cents per gallon more than last week and nearly 36 cents per gallon higher than a year ago. Wholesale propane prices averaged $1.12 per gallon, nearly 4 cents per gallon higher than last week and 50 cents per gallon higher than last year’s price.

As of November 20, 2017, residential heating oil prices averaged $2.82 per gallon, 2 cents per gallon more than last week and 44 cents per gallon higher than last year’s price at this time. The average wholesale heating oil price for this week is $2.04 per gallon, nearly 2 cents per gallon more than last week and 49 cents per gallon higher than a year ago.


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

Ernst Undesser
From the Energy Information Administration November 22, 2017