Fuel Report: Diesel Up Slightly, Gas Jumps Higher

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price rose 1 cent to $3.08 per gallon on March 25, 7 cents higher than a year ago. The Rocky Mountain and West Coast prices each rose 3 cents to $2.97 per gallon and $3.53 per gallon, respectively, the East Coast and Gulf Coast prices each rose nearly 1 cent to $3.13 per gallon and $2.88 per gallon, respectively, and the Midwest price rose slightly, remaining at $2.99 per gallon.

The U.S. average regular gasoline retail price rose nearly 8 cents from the previous week to $2.62 per gallon on March 25, down nearly 3 cents from the same time last year. The West Coast price rose nearly 12 cents to $3.14 per gallon, the Midwest price rose nearly 9 cents to $2.56 per gallon, the Rocky Mountain and Gulf Coast prices each rose nearly 8 cents to $2.40 per gallon and $2.38 per gallon, respectively, and the East Coast price rose nearly 5 cents to $2.57 per gallon.

U.S. propane/propylene stocks increased by 0.5 million barrels last week to 51.6 million barrels as of March 22, 2019, 7.4 million barrels (16.7%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Gulf Coast, Midwest, and Rocky Mountain/West Coast inventories increased by 0.8 million barrels, 0.3 million barrels, and 0.1 million barrels, respectively, while East Coast inventories decreased by 0.6 million barrels. Propylene non-fuel-use inventories represented 11.8% of total propane/propylene inventories.

Residential propane prices averaged almost $2.40 per gallon, 1 cent per gallon lower than last week and 8 cents per gallon lower than a year ago. Wholesale propane prices averaged almost $0.78 per gallon, 6 cents per gallon less than last week and 10 cents per gallon below last year’s price. This is the last data collection for the 2018-2019 State Heating Oil and Propane Program (SHOPP) heating season. Data collection will resume on October 7, 2019, for publication on Wednesday, October 9, 2019.

As of March 25, 2019, residential heating oil prices averaged almost $3.22 per gallon, unchanged from last week’s price but 12 cents per gallon higher than last year’s price at this time. The wholesale heating oil price for this week averaged $2.09 per gallon, slightly higher than last week but nearly 3 cents per gallon lower than a year ago.


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