The U.S. average diesel fuel price declined by less than 1 cent and remained at $3.05 per gallon on October 21, 33 cents lower than a year ago. The West Coast price increased by more than 2 cents to $3.68 per gallon, and East Coast and Rocky Mountain prices each rose by less than 1 cent to $3.05 per gallon and $3.04 per gallon, respectively. The Midwest price declined by 1 cent to $2.96 per gallon, and the Gulf Coast price fell by less than 1 cent to $2.80 per gallon.
The U.S. average regular gasoline retail price rose 1 cent from the previous week to $2.64 per gallon on October 21, 20 cents lower than the same time last year. The Rocky Mountain and Gulf Coast prices each rose by more than 2 cents to $2.73 per gallon and $2.28 per gallon, respectively, and the East Coast price rose by 2 cents to $2.48 per gallon, The West Coast price fell by nearly 2 cents to $3.65 per gallon, and the Midwest price fell by less than a cent, remaining at $2.48 per gallon.
Residential propane prices averaged $1.85 per gallon, less than 1 cent per gallon higher than last week’s price but 57 cents per gallon lower than a year ago. Wholesale propane prices averaged $0.60 per gallon, slightly higher than last week’s price and almost 41 cents per gallon below last year’s price.
U.S. propane/propylene stocks decreased by 0.5 million barrels last week to 100.0 million barrels as of October 18, 2019, 10.9 million barrels (12.2%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Gulf Coast and Midwest inventories decreased by 0.7 million barrels and 0.4 million barrels, respectively. East Coast and Rocky Mountain/West Coast inventories increased by 0.5 million barrels and 0.1 million barrels, respectively. Propylene non-fuel-use inventories represented 4.7% of total propane/propylene inventories.
As of October 21, 2019, residential heating oil prices averaged $2.97 per gallon, more than 1 cent per gallon above last week’s price but nearly 41 cents per gallon below last year’s price at this time. Wholesale heating oil prices averaged $2.05 per gallon, more than 1 cent per gallon less than last week’s price and 34 cents per gallon less than a year ago.