Fuel Report: Diesel Little Changed, Gasoline Moves Higher

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price remained at $2.97 per gallon on February 11, nearly 10 cents lower than a year ago. Midwest prices rose 1 cent to $2.85 per gallon. Rocky Mountain prices fell more than 1 cent to $2.87 per gallon, East Coast prices decreased nearly 1 cent to $3.03 per gallon, and Gulf Coast prices fell less than 1 cent, remaining virtually unchanged at $2.78 per gallon. West Coast prices were unchanged at $3.44 per gallon.

The U.S. average regular gasoline retail price rose more than 2 cents from the previous week to $2.28 per gallon on February 11, down 33 cents from the same time last year. Midwest prices rose 7 cents to $2.15 per gallon, Gulf Coast prices increased nearly 3 cents to $1.96 per gallon, and West Coast prices rose nearly 1 cent to $2.92 per gallon. East Coast and Rocky Mountain prices each fell nearly 1 cent to $2.24 per gallon and $2.17 per gallon, respectively.

U.S. propane/propylene stocks increased by 0.7 million barrels last week to 58.2 million barrels as of February 8, 2019, 4.9 million barrels (9.2%) higher than the five-year (2014-2018) average inventory levels for this same time of year. Gulf Coast inventories increased by 2.7 million barrels, while Midwest inventories decreased by 1.3 million barrels, East Coast inventories decreased by 0.8 million barrels, and Rocky Mountain/West Coast inventories decreased slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 10.5% of total propane/propylene inventories.

Residential propane prices averaged $2.43 per gallon, less than 1 cent per gallon lower than last week and 14 cents per gallon lower than a year ago. Wholesale propane prices averaged $0.77 per gallon, over 5 cents per gallon lower than last week and 29 cents per gallon lower than a year ago.

As of February 11, 2019, residential heating oil prices averaged $3.18 per gallon, less than 1 cent per gallon lower than last week’s price but almost 5 cents per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged $2.02 per gallon, nearly 1 cent per gallon less than last week but almost 4 cents per gallon above last year’s price.


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