The U.S. average diesel fuel price decreased less than a cent, remaining virtually unchanged at $3.24 per gallon on July 16, up 75 cents from a year ago. The West Coast price fell nearly a penny to $3.74 per gallon, the Midwest price decreased less than one cent to $3.17 per gallon, and the East Coast price fell slightly, remaining virtually unchanged at $3.24 per gallon. The Rocky Mountain and Gulf Coast prices were unchanged at $3.37 per gallon and $3.00 per gallon, respectively.
The U.S. average regular gasoline retail price increased nearly 1 cent from the previous week to $2.87 per gallon on July 16, up 59 cents from the same time last year. The East Coast price rose two cents to $2.80 per gallon and the Midwest price rose nearly two cents to $2.80 per gallon. The West Coast and Gulf Coast prices each decreased nearly two cents to $3.38 per gallon and $2.60 per gallon, respectively, and the Rocky Mountain price fell one cent to $2.96 per gallon.
U.S. propane/propylene stocks increased by 1.7 million barrels last week to 65.3 million barrels as of July 13, 2018, 7.1 million barrels (9.8%) lower than the five-year average inventory level for this same time of year. Midwest and East Coast inventories increased by 1.3 million barrels and 0.9 million barrels, respectively, while Gulf Coast inventories decreased by 0.5 million barrels and Rocky Mountain/West Coast inventories dipped slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 3.9% of total propane/propylene inventories.