Fuel Report: Diesel, Gas Prices Climb; Propane Stocks 22% Higher Than Average

Photo: John Nuckolls, FarmPropane.com

The U.S. average diesel fuel price increased almost 3 cents to $3.12 per gallon on April 15, more than 1 cent higher than a year ago. The West Coast price increased 6 cents to $3.65 per gallon, the Rocky Mountain price increased over 5 cents to $3.08 per gallon, the Gulf Coast price increased 2 cents to $2.90 per gallon, and the Midwest and East Coast prices each increased almost 2 cents to $3.01 per gallon and $3.15 per gallon, respectively.

The U.S. average regular gasoline retail price rose more than 8 cents from the previous week to $2.83 per gallon on April 15, over 8 cents higher than the same time last year. The West Coast price increased 16 cents to $3.58 per gallon, the Rocky Mountain price increased 10 cents to $2.64 per gallon, the Gulf Coast price increased over 8 cents to $2.54 per gallon, and the Midwest and East Coast prices both increased almost 7 cents to $2.74 per gallon and $2.72 per gallon, respectively.

U.S. propane/propylene stocks increased by 2.4 million barrels last week to 56.7 million barrels as of April 12, 2019, 10.4 million barrels (22.5%) 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 2.7 million barrels, 0.3 million barrels, and 0.1 million barrels, respectively, while East Coast inventories decreased by 0.7 million barrels. Propylene non-fuel-use inventories represented 10.9% of total propane/propylene inventories.


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