Fuel Report: Diesel Little Changed While Gas Prices Climb

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price rose less than 1 cent from the previous week, remaining at $3.08 per gallon on March 11, over 10 cents higher than a year ago. The Gulf Coast price increased by over 1 cent to $2.88 per gallon, the East Coast price increased less than 1 cent, remaining at $3.12 per gallon, and the West Coast price increased less than 1 cent to $3.51 per gallon. The Midwest price fell less than 1 cent, remaining at $3.01 per gallon. The Rocky Mountain price remained unchanged at $2.94 per gallon.

The U.S. average regular gasoline retail price rose nearly 5 cents from the previous week to $2.47 per gallon on March 11, down nearly 9 cents from the same time last year. The Midwest price increased over 7 cents to $2.40 per gallon, the East Coast price increased nearly 5 cents to $2.43 per gallon, the Rocky Mountain price increased over 4 cents to $2.25 per gallon, the Gulf Coast price increased nearly 4 cents to $2.22 per gallon, and the West Coast price increased over 3 cents to $2.98 per gallon.

U.S. propane/propylene stocks decreased by 1.2 million barrels last week to 50.2 million barrels as of March 8, 2019, 5.1 million barrels (11.3%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Midwest, East Coast, and Rocky Mountain/West Coast inventories decreased by 1.3 million barrels, 0.8 million barrels, and 0.3 million barrels, respectively, while Gulf Coast inventories increased by 1.2 million barrels. Propylene non-fuel-use inventories represented 12.7% of total propane/propylene inventories.

Residential propane prices averaged $2.41 per gallon, almost 1 cent per gallon less than last week’s price and nearly 9 cents per gallon less than a year ago. Wholesale propane prices averaged almost $0.84 per gallon, nearly 1 cent per gallon higher than last week but less than 1 cent per gallon below last year’s price.

As of March 11, 2019, residential heating oil prices averaged almost $3.23 per gallon, less than 1 cent per gallon lower than last week’s price but nearly 17 cents per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged almost $2.13 per gallon, less than 1 cent per gallon lower than last week’s price but nearly 15 cents per gallon higher than a year ago.


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