The U.S. average diesel fuel price increased 1 cent to $2.79 per gallon on October 16, 31 cents higher than a year ago. The Rocky Mountain price increased three cents to $2.89 per gallon, the Midwest price increased two cents to $2.76 per gallon, the Gulf Coast price increased one cent to $2.61 per gallon, and the East Coast price increased less than one cent to $2.80 per gallon, and the West Coast price rose slightly, remaining virtually unchanged at $3.09 per gallon.
The U.S. average regular gasoline retail price fell over 1 cent from the previous week to $2.49 per gallon on October 16, up 23 cents from the same time last year. The Gulf Coast price fell over five cents to $2.26 per gallon, the East Coast price fell five cents to $2.47 per gallon, the Rocky Mountain price fell nearly two cents to $2.53 per gallon, and the West Coast price fell one cent to $2.94 per gallon. The Midwest price increased over four cents to $2.38 per gallon.
U.S. propane stocks decreased by 0.1 million barrels last week to 78.8 million barrels as of October 13, 2017, 23.8 million barrels (23.2%) lower than a year ago. East Coast and Midwest inventories increased by 0.5 and 0.4 million barrels, respectively, while Gulf Coast and Rocky Mountain/West Coast inventories decreased by 0.9 and 0.2 million barrels, respectively. Propylene non-fuel-use inventories represented 3.7% of total propane inventories.
Residential propane prices averaged nearly $2.27 per gallon, just over 1 cent per gallon more than last week and 21 cents per gallon higher than a year ago. Wholesale propane prices averaged $1.03 per gallon, 1 cent per gallon more than last week and just over 35 cents per gallon higher than last year’s price.
As of October 16, 2017, residential heating oil prices averaged $2.66 per gallon, nearly 1 cent per gallon more than last week and 27 cents per gallon higher than last year’s price at this time. The average wholesale heating oil price for this week is just under $1.89 per gallon, almost 6 cents per gallon more than last week and just over 20 cents per gallon higher than a year ago.