Fuel Report: High Regional Variability in Diesel, Gas

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price rose slightly, remaining virtually unchanged at $2.97 per gallon on February 4, 12 cents lower than a year ago. Midwest prices rose more than 3 cents to $2.84 per gallon. Rocky Mountain prices fell nearly 3 cents to $2.88 per gallon, West Coast and East Coast prices each decreased more than 1 cent to $3.44 per gallon and $3.04 per gallon respectively, and Gulf Coast prices fell 1 cent to $2.78 per gallon.

The U.S. average regular gasoline retail price fell less than 1 cent from the previous week to $2.25 per gallon on February 4, down 38 cents from the same time last year. Rocky Mountain prices decreased nearly 6 cents to $2.18 per gallon, Gulf Coast prices fell nearly 3 cents to $1.93 per gallon, West Coast prices decreased nearly 2 cents to $2.91 per gallon, and East Coast prices fell less than a cent to $2.24 per gallon.

U.S. propane/propylene stocks decreased by 2.6 million barrels last week to 57.5 million barrels as of February 1, 2019, 1.3 million barrels (2.4%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Midwest and Gulf Coast inventories decreased by 1.1 million barrels and 1.0 million barrels, respectively, and East Coast and Rocky Mountain/West Coast inventories each decreased by 0.3 million barrels. Propylene non-fuel-use inventories represented 10.0% of total propane/propylene inventories.

Residential propane prices averaged $2.43 per gallon, less than 1 cent per gallon higher than last week but nearly 16 cents per gallon lower than a year ago. Wholesale propane prices averaged nearly $0.83 per gallon, 2 cents per gallon higher than last week but almost 32 cents per gallon lower than a year ago.

As of February 4, 2019, residential heating oil prices averaged $3.18 per gallon, 1 cent per gallon higher than last week’s price but almost 2 cents per gallon lower than last year’s price at this time. Wholesale heating oil prices averaged $2.03 per gallon, nearly 3 cents per gallon more than last week but almost 16 cents per gallon below last year’s price.


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