Fuel Report: Diesel Little Changed, Gas Slides Lower

The U.S. average diesel fuel price fell less than 1 cent, remaining at $3.03 per gallon on August 5, 19 cents lower than a year ago. The Gulf Coast price fell nearly 1 cent, remaining at $2.79 per gallon, and the West Coast, East Coast, and Rocky Mountain prices each fell less than 1 cent, remaining at $3.61 per gallon, $3.06 per gallon, and $2.97 per gallon, respectively. The Midwest price increased less than 1 cent, remaining at $2.94 per gallon.

The U.S. average regular gasoline retail price decreased nearly 3 cents from the previous week to $2.69 per gallon on August 5, 16 cents lower than the same time last year. The Gulf Coast price fell nearly 4 cents to $2.39 per gallon, the East Coast price fell 3 cents $2.60 per gallon, the Midwest price fell nearly 3 cents to $2.63 per gallon, the West Coast price fell more than 1 cent to $3.29 per gallon, and the Rocky Mountain price fell nearly 1 cent to $2.70 per gallon.

U.S. propane/propylene stocks increased by 2.9 million barrels last week to 83.3 million barrels as of August 2, 2019, 6.8 million barrels (8.8%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Gulf Coast, Midwest, and East Coast inventories increased by 2.0 million barrels, 0.5 million barrels, and 0.4 million barrels, respectively, while Rocky Mountain/West Coast inventories increased slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 4.9% of total propane/propylene inventories.


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