Diesel Prices Slip Slightly as Gasoline Rises

The U.S. average diesel fuel price dipped slightly to $2.97 per gallon on March 19, 2018, 43 cents higher than a year ago. East Coast prices fell almost two cents to $3.01 per gallon, West Coast prices fell slightly to $3.38 per gallon, and Midwest prices were virtually unchanged at $2.90 per gallon. Rocky Mountain prices increased over two cents to $2.93 per gallon, and Gulf Coast prices increased by less than one cent to $2.79 per gallon.

The U.S. average regular gasoline retail price rose nearly 4 cents from the previous week to $2.60 per gallon on March 19, 2018, up 28 cents from the same time last year. Midwest prices increased nearly six cents to $2.50 per gallon, West Coast prices increased nearly five cents to $3.22 per gallon, Gulf Coast prices increased three cents to $2.30 per gallon, East Coast prices increased nearly three cents to $2.54 per gallon, and Rocky Mountain prices increased two cents to $2.44 per gallon.

Residential propane prices averaged almost $2.49 per gallon, one cent per gallon lower than last week but eight cents per gallon higher than a year ago. Wholesale propane prices averaged $0.87 per gallon, 3 cents per gallon higher than last week and nearly 18 cents per gallon higher than last year’s price. EIA has revised the Residential Propane prices for October 2 through December 11, 2017.

As of March 19, 2018, residential heating oil prices averaged $3.06 per gallon, nearly 1 cent per gallon lower than last week but 46 cents per gallon higher than last year’s price at this time. The average wholesale heating oil price for this week averaged $2.01 per gallon, 3 cents per gallon higher than last week and 41 cents per gallon higher than a year ago.

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