Fuel Report: Diesel, Gas Down Slightly

The U.S. average diesel fuel price fell over 1 cent to $2.98 per gallon on August 26, 24 cents lower than a year ago. The East Coast price fell nearly 2 cents to $3.00 per gallon, the Midwest price fell 1 cent to $2.89 per gallon, the West Coast and Gulf Coast prices each fell nearly 1 cent to $3.56 per gallon and $2.74 per gallon, respectively, and the Rocky Mountain price fell less than 1 cent, remaining at $2.94 per gallon.

The U.S. average regular gasoline retail price fell over 2 cents from the previous week to $2.57 per gallon on August 26, 25 cents lower than the same time last year. The East Coast price fell over 3 cents to $2.48 per gallon, the Rocky Mountain and Midwest prices each fell more than 2 cents to $2.65 per gallon and $2.50 per gallon, respectively, the West Coast price fell nearly 2 cents to $3.23 per gallon, and the Gulf Coast price fell nearly 1 cent to $2.26 per gallon.

U.S. propane/propylene stocks increased by 3.7 million barrels last week to 94.2 million barrels as of August 23, 2019, 11.9 million barrels (14.4%) greater than the five-year (2014-18) average inventory levels for this same time of year. Gulf Coast, Midwest, and East Coast inventories increased by 2.9 million barrels, 0.6 million barrels, and 0.1 million barrels, respectively. Rocky Mountain/West Coast inventories decreased slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 4.4% of total propane/propylene inventories.


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