Diesel, Gas Prices Slip; Propane Stocks 15% Below Average

Diesel fillup on the farm. ©Debra L Ferguson Stock Photography

The U.S. average diesel fuel price decreased over 2 cents from last week to $3.24 per gallon on June 18, 2018, 76 cents higher than a year ago. Midwest prices declined nearly three cents to $3.17 per gallon, East Coast and Gulf Coast prices each declined over two cents to $3.24 per gallon and $3.02 per gallon, respectively, West Coast prices declined nearly two cents to $3.75 per gallon, and Rocky Mountain prices decreased less than one cent to $3.34 per gallon.

The U.S. average regular gasoline retail price decreased 3 cents from last week to $2.88 per gallon on June 18, 2018, up 56 cents from the same time last year. Gulf Coast and East Coast prices each decreased over four cents to $2.65 per gallon and $2.80, respectively, Midwest prices decreased nearly three cents to $2.79 per gallon, West Coast prices decreased nearly two cents to $3.43 per gallon, and Rocky Mountain prices decreased over one penny to $2.98.

U.S. propane/propylene stocks increased by 3.2 million barrels last week to 54.1 million barrels as of June 15, 2018, 9.5 million barrels (14.9%) lower than the five-year average inventory level for this same time of year. Midwest, Gulf Coast, East Coast, and Rocky Mountain/West Coast inventories increased by 1.2 million barrels, 1.1 million barrels, 0.7 million barrels, and 0.2 million barrels, respectively. Propylene non-fuel-use inventories represented 5.0% of total propane/propylene inventories.


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