Fuel Report: Prices Dip, Propane Stocks Rise

Photo: Blackhawk Propane

The U.S. average diesel fuel price decreased nearly 1 cent to $3.04 per gallon on July 22, 18 cents lower than a year ago. The West Coast price decreased more than 1 cent to $3.61 per gallon, the East Coast and Midwest prices each decreased nearly 1 cent to $3.07 per gallon and $2.95 per gallon, respectively, and the Gulf Coast price decreased less than 1 cent to $2.80 per gallon. The Rocky Mountain price increased slightly, remaining at $2.98 per gallon.

The U.S. average regular gasoline retail price decreased nearly 3 cents from the previous week to $2.75 per gallon on July 22, 8 cents lower than the same time last year. The Midwest decreased more than 7 cents to $2.69 per gallon, the Rocky Mountain price fell nearly 4 cents to $2.74 per gallon, the West Coast price fell nearly 3 cents to $3.33 per gallon, and the East Coast price decreased nearly 1 cent to $2.67 per gallon. The Gulf Coast price increased nearly 1 cent, remaining at $2.46 per gallon.

U.S. propane/propylene stocks increased by 1.6 million barrels last week to 79.1 million barrels as of July 19, 2019, 4.9 million barrels (6.5%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Midwest, East Coast, and Gulf Coast inventories increased by 0.8 million barrels, 0.5 million barrels, and 0.3 million barrels, respectively, and Rocky Mountain/West Coast inventories rose slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 5.2% of total propane/propylene inventories.


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