Fuel Report: Diesel, Gas Prices Continue Lower

Photo: ©Debra L Ferguson

The U.S. average diesel fuel price fell nearly 2 cents to $3.14 per gallon on June 3, nearly 15 cents lower than a year ago. The West Coast price fell more than 2 cents to $3.76 per gallon, the Rocky Mountain and Gulf Coast prices each fell nearly 2 cents to $3.16 per gallon and $2.88 per gallon, respectively, and the Midwest and East Coast prices each fell over 1 cent to $3.03 per gallon and $3.15 per gallon, respectively.

The U.S. average regular gasoline retail price fell nearly 2 cents from the previous week to $2.81 per gallon on June 3, more than 13 cents lower than the same time last year. The Gulf Coast price fell nearly 5 cents to $2.42 per gallon, the West Coast price fell nearly 4 cents to $3.60 per gallon, and the East Coast price fell more than 3 cents to $2.66 per gallon. The Midwest price rose more than 3 cents to $2.75 per gallon and the Rocky Mountain price increased slightly, remaining at $2.98 per gallon.

U.S. propane/propylene stocks increased by 2.5 million barrels last week to 68.3 million barrels as of May 31, 2019, 9.1 million barrels (15.4%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Gulf Coast inventories increased by 1.2 million barrels, and Midwest and East Coast inventories each increased by 0.7 million barrels. Rocky Mountain/West Coast inventories decreased slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 7.2% of total propane/propylene inventories.


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