The U.S. average diesel fuel price fell less than 1 cent to $2.92 per gallon on December 4, 44 cents higher than a year ago. The West Coast and Rocky Mountain prices each fell nearly one cent to $3.37 per gallon and $3.02 per gallon, respectively, while the Midwest price also fell nearly one cent, remaining at $2.88 per gallon, and the East Coast price fell less than one cent to $2.90 per gallon. The Gulf Coast price increased less than one cent, remaining at $2.71 per gallon.
The U.S. average regular gasoline retail price fell 3 cents from the previous week to $2.50 per gallon on December 4, up 29 cents from the same time last year. The Midwest price fell nearly seven cents to $2.36 per gallon, the West Coast price fell three cents to $3.01 per gallon, the East Coast price fell two cents to $2.51 per gallon, the Gulf Coast price fell one cent to $2.25 per gallon, and the Rocky Mountain price fell less than one cent to $2.53 per gallon.
U.S. propane stocks increased by 1.3 million barrels last week to 74.5 million barrels as of December 1, 2017, 7.8 million barrels (9.4%) lower than the five-year average inventory level for this same time of year. Gulf Coast inventories increased by 1.4 million barrels, while Midwest and Rocky Mountain/West Coast inventories rose slightly, remaining virtually unchanged. East Coast inventories decreased by 0.1 million barrels. Propylene non-fuel-use inventories represented 3.5% of total propane inventories.
Residential propane prices averaged $2.45 per gallon, 2 cents per gallon more than last week and almost 34 cents per gallon higher than a year ago. Wholesale propane prices averaged $1.11 per gallon, just under 2 cents less than last week but nearly 40 cents per gallon higher than last year’s price.
As of December 4, 2017, residential heating oil prices averaged $2.87 per gallon, 2 cents per gallon more than last week and almost 38 cents per gallon higher than last year’s price at this time. The average wholesale heating oil price for this week is just under $2.04 per gallon, less than 1 cent per gallon more than last week and nearly 32 cents per gallon higher than a year ago.