Diesel Prices Half a Dollar Above Last Year

The U.S. average diesel fuel price increased 6 cents to $3.10 per gallon on April 16, 2018, 51 cents higher than a year ago. West Coast prices rose over eight cents to $3.58 per gallon, Gulf Coast prices rose nearly seven cents to $2.91 per gallon, Midwest prices increased nearly six cents to $3.02 per gallon, and Rocky Mountain and East Coast prices rose five cents to $3.14 per gallon and $3.12 per gallon, respectively.

The U.S. average regular gasoline retail price increased over 5 cents from the previous week to $2.75 per gallon on April 16, 2018, up 31 cents from the same time last year. Rocky Mountain prices increased nearly 10 cents to $2.73 per gallon, Gulf Coast prices increased over 7 cents to $2.50 per gallon, Midwest and East Coast prices increased 5 cents to $2.60 per gallon and $2.69 per gallon, respectively, and West Coast prices increased nearly 4 cents to $3.37 per gallon.

U.S. propane/propylene stocks increased slightly last week to 35.9 million barrels as of April 13, 2018, 11.1 million barrels (23.6%) lower than the five-year average inventory level for this same time of year. Gulf Coast inventories increased by 0.2 million barrels, while East Coast and Rocky Mountain/West Coast inventories rose slightly, remaining virtually unchanged. Midwest inventories decreased by 0.2 million barrels. Propylene non-fuel-use inventories represented 7.3% of total propane/propylene inventories.


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