The U.S. average diesel fuel price decreased more than 1 cent from last week to $3.38 per gallon on October 22, 2018, 58 cents higher than a year ago. Gulf Coast prices fell two cents to $3.15 per gallon, Midwest prices decreased nearly two cents to $3.33 per gallon, East Coast prices decreased more than a cent to $3.37 per gallon, and West Coast prices fell nearly a cent to $3.87 per gallon. Rocky Mountain prices increased nearly a cent to $3.41 per gallon.
The U.S. average regular gasoline retail price decreased nearly 4 cents from last week to $2.84 per gallon on October 22, 2018, up 36 cents from the same time last year. Midwest prices decreased nearly seven cents to $2.69 per gallon, Gulf Coast prices fell nearly five cents to $2.58 per gallon, East Coast prices decreased more than three cents to $2.78 per gallon, and Rocky Mountain prices fell nearly two cents to $2.96 per gallon. West Coast prices increased less than a cent to $3.50 per gallon.
U.S. propane/propylene stocks decreased by 0.3 million barrels last week to 82.0 million barrels as of October 19, 2018, 3.9 million barrels (4.5%) lower than the five-year (2013-2017) average inventory level for this same time of year. Midwest and Rocky Mountain/West Coast inventories each decreased by 0.2 million barrels, while East Coast inventories dipped slightly, remaining virtually unchanged. Gulf Coast inventories increased by 0.1 million barrels. Propylene non-fuel-use inventories represented 3.4% of total propane/propylene inventories.
Residential propane prices averaged almost $2.42 per gallon, nearly 2 cents per gallon more than last week and almost 10 cents per gallon higher than a year ago. Wholesale propane prices averaged nearly $1.01 per gallon, virtually unchanged from both last week’s and last year’s prices.
As of October 22, 2018, residential heating oil prices averaged $3.37 per gallon, almost 1 cent per gallon more than last week and 70 cents per gallon higher than last year’s price at this time. The average wholesale heating oil price for this week is $2.39 per gallon, 1 cent per gallon less than last week but almost 50 cents per gallon higher than a year ago.