The U.S. average diesel fuel price increased 4 cents to $3.01 per gallon on February 18, 2 cents lower than a year ago. Midwest prices rose nearly 6 cents to $2.90 per gallon, East Coast prices increased more than 4 cents to $3.07 per gallon, Gulf Coast prices increased more than 3 cents to $2.81 per gallon, West Coast prices rose more than 2 cents to $3.46 per gallon, and Rocky Mountain prices rose nearly 2 cents to $2.89 per gallon.
The U.S. average regular gasoline retail price rose more than 4 cents from the previous week to $2.32 per gallon on February 18, down 24 cents from the same time last year. Gulf Coast prices increased nearly 9 cents to $2.05 per gallon, Midwest prices rose nearly 6 cents to $2.21 per gallon, East Coast prices increased more than 3 cents to $2.27 per gallon, Rocky Mountain prices rose nearly 2 cents to $2.18 per gallon, and West Coast prices increased less than a cent, remaining virtually unchanged at $2.92 per gallon.
U.S. propane/propylene stocks decreased by 3.6 million barrels last week to 54.6 million barrels as of February 15, 2019, 4.3 million barrels (8.5%) more than the five-year (2014-2018) average inventory levels for this same time of year. Midwest, Gulf Coast, and Rocky Mountain/West Coast inventories decreased by 1.8 million barrels, 1.7 million barrels, and 0.1 million barrels, respectively, while East Coast inventories fell slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 11.8% 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 14 cents per gallon lower than a year ago. Wholesale propane prices averaged almost $0.83 per gallon, nearly 6 cents per gallon higher than last week but almost 18 cents per gallon below last year’s price.
As of February 18, 2019, residential heating oil prices averaged nearly $3.23 per gallon, more than 4 cents per gallon higher than last week’s price and 12 cents per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged $2.14 per gallon, 11 cents per gallon more than last week and 11 cents per gallon above last year’s price.