The U.S. average diesel fuel price dropped nearly 4 cents to $3.03 per gallon on February 19, 2018, 46 cents higher than a year ago. Midwest prices fell five cents to $2.97 per gallon, West Coast and Gulf Coast prices each fell over three cents to $3.40 per gallon and $2.82 per gallon, respectively, East Coast prices fell nearly three cents to $3.08 per gallon, and Rocky Mountain prices fell nearly two cents to $2.95 per gallon.
AgFax Weed Solutions
The U.S. average regular gasoline retail price dropped 5 cents from the previous week to $2.56 per gallon on February 19, 2018, up 26 cents from the same time last year. Midwest prices decreased over seven cents to $2.39 per gallon, Gulf Coast prices decreased nearly six cents to $2.28 per gallon, East Coast prices decreased nearly five cents to $2.56 per gallon, Rocky Mountain prices decreased over two cents to $2.49 per gallon, and West Coast prices decreased one cent to $3.13 per gallon.
U.S. propane/propylene stocks decreased by 2.5 million barrels last week to 43.1 million barrels as of February 16, 2018, 8.8 million barrels (17.0%) lower than the five-year average inventory level for this same time of year. Gulf Coast, Midwest, and Rocky Mountain/West Coast inventories decreased by 1.4 million barrels, 1.2 million barrels, and 0.1 million barrels, respectively, while East Coast inventories increased by 0.1 million barrels. Propylene non-fuel-use inventories represented 7.5% of total propane/propylene inventories.
Residential propane prices averaged almost $2.57 per gallon, nearly 1 cent lower than last week but 12 cents per gallon higher than a year ago. Wholesale propane prices averaged $1.01 per gallon, 6 cents per gallon lower than last week but 19 cents per gallon higher than last year’s price.
As of February 19, 2018, residential heating oil prices averaged $3.10 per gallon, 3 cents per gallon lower than last week but almost 46 cents per gallon higher than last year’s price at this time. The average wholesale heating oil price for this week averaged almost $2.03 per gallon, 4 cents per gallon higher than last week and nearly 31 cents per gallon higher than a year ago.