Fuel Report: Diesel Little Changed, Gas Prices Continue Climb

The U.S. average diesel fuel price fell less than 1 cent, remaining at $3.08 per gallon on April 1, nearly 4 cents higher than a year ago. The East Coast and Midwest prices each fell nearly 1 cent to $3.13 per gallon and $2.98 per gallon, respectively, and the Gulf Coast price fell less than 1 cent to $2.87 per gallon. The Rocky Mountain price increased over 3 cents to $3.01 per gallon, and the West Coast price increased nearly 2 cents to $3.54 per gallon.

The U.S. average regular gasoline retail price rose nearly 7 cents from the previous week to $2.69 per gallon on April 1, down nearly 1 cent from the same time last year. The West Coast price rose over 12 cents to $3.27 per gallon, the Rocky Mountain and Gulf Coast prices each rose nearly 7 cents to $2.47 per gallon and $2.45 per gallon, respectively, the Midwest price rose over 6 cents to $2.63 per gallon, and the East Coast price rose over 5 cents to $2.62 per gallon.

U.S. propane/propylene stocks increased by 1.6 million barrels last week to 53.2 million barrels as of March 29, 2019, 8.3 million barrels (18.4%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Gulf Coast and Midwest inventories increased by 1.6 million barrels and 0.1 million barrels, respectively. East Coast inventories decreased by 0.1 million barrels, and Rocky Mountain/West Coast inventories decreased slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 11.8% of total propane/propylene inventories.


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