Diesel, Gas Prices Decline, Propane Stocks Up Slightly

The U.S. average diesel fuel price fell over two cents to $2.54 per gallon on May 15, 25 cents higher than a year ago. The Gulf Coast and Rocky Mountain prices each fell nearly three cents to $2.38 per gallon and $2.63 per gallon, respectively, the West Coast price fell over two cents to $2.82 per gallon, and the East Coast and Midwest prices each fell nearly two cents to $2.60 per gallon and $2.48 per gallon, respectively.

The U.S. average regular gasoline retail price fell less than one cent from the previous week, remaining at $2.37 per gallon on May 15, up 13 cents from the same time last year. The Gulf Coast price fell four cents to $2.13 per gallon, the East Coast price fell three cents to $2.32 per gallon, and the Rocky Mountain price fell one cent to $2.38 per gallon. The Midwest price increased four cents to $2.27 per gallon, and the West Coast price increased one cent to $2.87 per gallon.

U.S. propane stocks increased by 0.6 million barrels last week to 42.2 million barrels as of May 12, 2017, 32.0 million barrels (43.1%) lower than a year ago. Midwest, Gulf Coast, and Rocky Mountain/West Coast inventories increased by 0.6 million barrels, 0.2 million barrels, and 0.1 million barrels, respectively, while East Coast inventories decreased by 0.3 million barrels. Propylene non-fuel-use inventories represented 7.5% of total propane inventories.

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