Fuel Report: Price Fall Continues, Propane Stocks 17% Above Average

The U.S. average diesel fuel price fell nearly 4 cents to $3.07 per gallon on June 17, more than 17 cents lower than a year ago. The West Coast and Midwest prices each fell nearly 5 cents to $3.67 per gallon and $2.96 per gallon, respectively, the Rocky Mountain price fell more than 4 cents to $3.07 per gallon, the East Coast price fell nearly 3 cents to $3.10 per gallon, and the Gulf Coast price fell more than 2 cents to $2.82 per gallon.

The U.S. average regular gasoline retail price fell more than 6 cents from the previous week to $2.67 per gallon on June 17, 21 cents lower than the same time last year. The Midwest price fell nearly 8 cents to $2.54 per gallon, the West Coast price fell nearly 7 cents to $3.45 per gallon, the East Coast price fell more than 6 cents to $2.56 per gallon, the Rocky Mountain price fell nearly 4 cents to $2.91 per gallon, and the Gulf Coast price fell nearly 3 cents to $2.34 per gallon.

U.S. propane/propylene stocks increased by 3.3 million barrels last week to 74.5 million barrels as of June 14, 2019, 10.7 million barrels (16.8%) greater than the five-year (2014-2018) average inventory levels for this same time of year. East Coast, Midwest, and Gulf Coast inventories each increased by 1.1 million barrels. Rocky Mountain/West Coast inventories fell slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 6.6% of total propane/propylene inventories.


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