The U.S. average diesel fuel price fell 1 cent to $3.03 per gallon on July 29, 19 cents lower than a year ago. The East Coast, Rocky Mountain, and Gulf Coast prices each fell more than 1 cent to $3.06 per gallon, $2.97 per gallon, and $2.79 per gallon, respectively, and the West Coast and Midwest prices each fell less than 1 cent to $3.61 per gallon and $2.94 per gallon, respectively.
The U.S. average regular gasoline retail price decreased nearly 4 cents from the previous week to $2.72 per gallon on July 29, 13 cents lower than the same time last year. The East Coast and Gulf Coast prices each fell over 4 cents to $2.63 per gallon and $2.42 per gallon, respectively, the Midwest price fell 3 cents to $2.66 per gallon, the Rocky Mountain price fell nearly 3 cents to $2.71 per gallon, and the West Coast price fell more than 2 cents to $3.31 per gallon.
U.S. propane/propylene stocks increased by 1.4 million barrels last week to 80.5 million barrels as of July 26, 2019, 4.4 million barrels (5.8%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Midwest, Rocky Mountain/West Coast, East Coast, and Gulf Coast inventories increased by 0.7 million barrels, 0.4 million barrels, 0.2 million barrels, and 0.1 million barrels, respectively. Propylene non-fuel-use inventories represented 5.0% of total propane/propylene inventories.