Fuel Report: Diesel 5 Cents Below Last Year; Propane Stocks Near Average

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price decreased nearly 4 cents from last week to $2.98 per gallon on January 14, 2019, more than 5 cents per gallon lower than a year ago. West Coast prices fell nearly 6 cents to $3.47 per gallon, Midwest prices decreased nearly 5 cents to $2.82 per gallon, Rocky Mountain prices decreased nearly 4 cents to $2.99 per gallon, Gulf Coast prices fell more than 3 cents to $2.79 per gallon, and East Coast prices fell 2 cents to $3.05 per gallon.

The U.S. average regular gasoline retail price increased 1 cent from last week to $2.25 per gallon on January 14, 2019, down 31 cents per gallon from the same time last year. Midwest prices increased more than 4 cents to $2.05 per gallon, Gulf Coast prices rose more than 2 cents to $1.91 per gallon, and East Coast prices rose slightly, remaining virtually unchanged at $2.22 per gallon. Rocky Mountain prices fell nearly 7 cents to $2.31 per gallon, and West Coast prices decreased more than 3 cents to $2.98 per gallon.

U.S. propane/propylene stocks decreased by 1.2 million barrels last week to 67.5 million barrels as of January 11, 2019, 0.4 million barrels (0.6%) lower than the five-year (2014-2018) average inventory levels for this same time of year. Gulf Coast inventories decreased by 0.8 million barrels, Midwest inventories decreased by 0.6 million barrels, and Rocky Mountain/West Coast inventories decreased slightly, remaining virtually unchanged. East Coast inventories increased by 0.2 million barrels. Propylene non-fuel-use inventories represented 8.1% of total propane/propylene inventories.

Residential propane prices averaged almost $2.43 per gallon, less than 1 cent per gallon lower than last week and nearly 16 cents per gallon lower than a year ago. Wholesale propane prices averaged $0.78 per gallon, nearly 2 cents per gallon higher than last week but 44 cents per gallon lower than a year ago.

As of January 14, 2019, residential heating oil prices averaged $3.13 per gallon, 4 cents per gallon higher than last week’s price but 8 cents per gallon lower than last year’s price at this time. The average wholesale heating oil price for this week averaged $1.98 per gallon, 9 cents per gallon more than last week but nearly 25 cents per gallon below last year’s price.


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