Gas Prices Drop Below Last Year’s Levels, Diesel Still a Quarter Higher

Photo: ©Debra L Ferguson

The U.S. average diesel fuel price decreased nearly 5 cents from last week to $3.16 per gallon on December 10, 2018, more than 25 cents per gallon higher than a year ago. Gulf Coast prices decreased nearly 6 cents to $2.93 per gallon, Rocky Mountain and Midwest prices each fell more than 5 cents to $3.24 per gallon and $3.07 per gallon, respectively, West Coast prices decreased more than 4 cents to $3.65 per gallon, and East Coast prices fell nearly 4 cents to $3.19 per gallon.

The U.S. average regular gasoline retail price decreased 3 cents from last week to $2.42 per gallon on December 10, 2018, down more than 6 cents per gallon from the same time last year. West Coast prices fell 7 cents to $3.17 per gallon, Rocky Mountain prices decreased more than 6 cents to $2.66 per gallon, Gulf Coast prices fell nearly 5 cents to $2.07 per gallon, and East Coast prices fell nearly 4 cents to $2.38 per gallon. Midwest prices increased more than 1 cent to $2.21 per gallon.

U.S. propane/propylene stocks decreased by 3.2 million barrels last week to 76.6 million barrels as of December 7, 2018, 4.7 million barrels (5.8%) lower than the five-year (2013-2017) average inventory level for this same time of year. Gulf Coast, Midwest, Rocky Mountain/West Coast, and East Coast inventories decreased by 1.6 million barrels, 0.8 million barrels, 0.5 million barrels, and 0.3 million barrels, respectively. Propylene non-fuel-use inventories represented 5.8% of total propane/propylene inventories.

Residential propane prices averaged $2.44 per gallon, nearly 1 cent per gallon higher than last week but 4 cents per gallon lower than a year ago. Wholesale propane prices averaged $0.91 per gallon, 7 cents per gallon more than last week but 19 cents per gallon lower than a year ago.

As of December 10, 2018, residential heating oil prices averaged nearly $3.20 per gallon, down less than 1 cent per gallon from last week’s price but almost 32 cents per gallon higher than last year’s price at this time. The average wholesale heating oil price for this week averaged nearly $2.00 per gallon, almost 3 cents per gallon more than last week but nearly 3 cents per gallon lower than a year ago.


The Latest


Send press releases to Ernst@Agfax.com.

View All Events


Send press releases to Ernst@Agfax.com.

View All Events