Fuel Report: Diesel Nearly 30 Cents Below Last Year

The U.S. average diesel fuel price increased more than 1 cent to $3.06 per gallon on October 28, 29 cents lower than a year ago. The West Coast price increased nearly 5 cents to $3.72 per gallon, the Rocky Mountain price increased nearly 4 cents to $3.08 per gallon, the East Coast price increased over 1 cent to $3.06 per gallon, the Midwest price increased nearly 1 cent, remaining at $2.96 per gallon, and the Gulf Coast price increased less than 1 cent to $2.81 per gallon.

The U.S. average regular gasoline retail price fell over 4 cents from the previous week to $2.60 per gallon on October 28, 22 cents lower than the same time last year. The Midwest price fell nearly 7 cents to $2.41 per gallon, the West Coast price fell nearly 5 cents to $3.60 per gallon, the Gulf Coast price fell over 3 cents to $2.25 per gallon, and the East Coast price fell nearly 3 cents to $2.45 per gallon. The Rocky Mountain price increased nearly 1 cent to $2.74 per gallon.

U.S. propane/propylene stocks decreased by 0.1 million barrels last week to 99.8 million barrels as of October 25, 2019, 11.1 million barrels (12.5%) greater than the five-year (2014-18) average inventory levels for this same time of year. Rocky Mountain/West Coast inventories decreased by 0.3 million barrels, Midwest inventories decreased by 0.2 million barrels, and East Coast inventories decreased slightly, remaining virtually unchanged. Gulf Coast inventories increased by 0.4 million barrels. Propylene non-fuel-use inventories represented 5.0% of total propane/propylene inventories.

Residential propane prices averaged $1.85 per gallon, more than 1 cent per gallon higher than last week’s price but almost 57 cents per gallon lower than a year ago. Wholesale propane prices averaged nearly $0.61 per gallon, nearly 1 cent higher than last week’s price but more than 32 cents per gallon below last year’s price.

As of October 28, 2019, residential heating oil prices averaged $2.97 per gallon, almost 1 cent per gallon above last week’s price but nearly 40 cents per gallon below last year’s price at this time. Wholesale heating oil prices averaged $2.08 per gallon, 3 cents per gallon more than last week’s price but almost 32 cents per gallon less than a year ago.


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