Fuel Report: Slide Lower Continues

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price fell nearly 3 cents to $3.04 per gallon on June 24, 17 cents lower than a year ago. The Rocky Mountain price fell over 4 cents to $3.03 per gallon, the West Coast price fell nearly 4 cents to $3.63 per gallon, the Midwest price fell over 3 cents to $2.93 per gallon, and the Gulf Coast and East Coast prices each fell 2 cents to $2.80 per gallon and $3.08 per gallon, respectively.

The U.S. average regular gasoline retail price fell nearly 2 cents from the previous week to $2.65 per gallon on June 24, 18 cents lower than the same time last year. The West Coast price fell over 6 cents to $3.39 per gallon, the Rocky Mountain price fell over 4 cents to $2.87 per gallon, the Gulf Coast price fell nearly 4 cents to $2.30 per gallon, and the East Coast price fell nearly 2 cents to $2.54 per gallon. The Midwest price increased over 2 cents to $2.56 per gallon.

U.S. propane/propylene stocks increased by 1.4 million barrels last week to 75.9 million barrels as of June 21, 2019, 9.5 million barrels (14.3%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Midwest and Gulf Coast inventories increased by 1.5 million barrels and 0.6 million barrels, respectively, while Rocky Mountain/West Coast inventories increased slightly, remaining virtually unchanged. East Coast inventories decreased by 0.7 million barrels. Propylene non-fuel-use inventories represented 6.5% of total propane/propylene inventories.


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