Fuel Report: Diesel, Gas Price Decline Continues

The U.S. average diesel fuel price fell 3 cents to $3.11 per gallon on June 10, 16 cents lower than a year ago. The West Coast and Rocky Mountain prices each fell nearly 5 cents to $3.72 per gallon and $3.11 per gallon, respectively, the Gulf Coast price fell more than 3 cents to $2.84 per gallon, the East Coast price fell nearly 3 cents to $3.13 per gallon, and the Midwest price fell more than 2 cents to $3.00 per gallon.

The U.S. average regular gasoline retail price fell nearly 8 cents from the previous week to $2.73 per gallon on June 10, 18 cents lower than the same time last year. The Midwest price fell nearly 13 cents to $2.62 per gallon, the West Coast price fell nearly 8 cents to $3.52 per gallon, the Gulf Coast price fell more than 6 cents to $2.36 per gallon, the East Coast price fell more than 4 cents to $2.62 per gallon, and the Rocky Mountain price fell more than 3 cents to $2.95 per gallon.

U.S. propane/propylene stocks increased by 2.9 million barrels last week to 71.1 million barrels as of June 7, 2019, 9.3 million barrels (15.1%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Midwest and Rocky Mountain/West Coast inventories increased by 3.1 million barrels and 0.6 million barrels, respectively. Gulf Coast and East Coast inventories decreased by 0.7 million barrels and 0.1 million barrels, respectively. Propylene non-fuel-use inventories represented 6.8% of total propane/propylene inventories.


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