Fuel Report: Prices Dip Lower

The U.S. average diesel fuel price fell more than 2 cents to $3.01 per gallon on August 12, 21 cents lower than a year ago. The West Coast and Rocky mountain prices each fell nearly 3 cents to $3.58 per gallon and $2.94 per gallon, respectively, the East Coast and Gulf Coast prices each fell more than 2 cents to $3.03 per gallon and $2.76 per gallon, respectively, and the Midwest price fell nearly 2 cents to $2.92 per gallon.

The U.S. average regular gasoline retail price fell more than 6 cents from the previous week to $2.62 per gallon on August 12, 22 cents lower than the same time last year. The Midwest prices fell over 11 cents to $2.52 per gallon, the Gulf Coast price fell more than 6 cents to $2.32 per gallon, the East Coast price fell nearly 5 cents to $2.55 per gallon, the West Coast price fell more than 3 cents to $3.26 per gallon, and the Rocky Mountain price fell more than 1 cent to $2.69 per gallon.

U.S. propane/propylene stocks increased by 3.2 million barrels last week to 86.5 million barrels as of August 9, 2019, 7.7 million barrels (9.8%) greater than the five-year (2014–18) average inventory levels for this same time of year. Gulf Coast, East Coast, and Midwest inventories increased by 2.5 million barrels, 0.6 million barrels, and 0.3 million barrels, respectively. Rocky Mountain/West Coast inventories decreased by 0.2 million barrels. Propylene non-fuel-use inventories represented 4.5% of total propane/propylene inventories.


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