Diesel, Gas Prices Dip Lower

The U.S. average diesel fuel price decreased 2 cents to $3.22 per gallon on July 23, 2018, up 71 cents from a year ago. The Midwest price fell three cents to $3.14 per gallon, the West Coast price decreased over two cents to $3.72 per gallon, the East Coast price decreased nearly two cents to $3.22 per gallon, the Gulf Coast price fell by a penny to $2.99 per gallon, and the Rocky Mountain price dipped slightly, remaining virtually unchanged at $3.37 per gallon.

The U.S. average regular gasoline retail price decreased over 3 cents from the previous week to $2.83 per gallon on July 23, 2018, up 52 cents from the same time last year. The Midwest price fell nearly six cents to $2.74 per gallon, the Gulf Coast price decreased three cents to $2.57 per gallon, the East Coast price fell over two cents to $2.78 per gallon, and the West Coast and Rocky Mountain prices each decreased two cents to $3.36 per gallon and $2.93 per gallon, respectively.

U.S. propane/propylene stocks decreased by 0.8 million barrels last week to 64.5 million barrels as of July 20, 2018, 8.7 million barrels (11.9%) lower than the five-year (2013–17) average inventory level for this same time of year. East Coast, Midwest, and Gulf Coast inventories decreased by 0.4 million barrels, 0.3 million barrels, and 0.1 million barrels, respectively, and Rocky Mountain/West Coast inventories fell slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 4.2% of total propane/propylene inventories.


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