The U.S. average diesel fuel price rose by 1 cent to $3.07 per gallon on November 11, 24 cents lower than a year ago. The Rocky Mountain price increased by nearly 4 cents to $3.20 per gallon, the Midwest price rose by nearly 2 cents to $2.97 per gallon, the West Coast rose by more than 1 cent to $3.76 per gallon, and the East Coast price increased by nearly 1 cent to $3.05 per gallon. The Gulf Coast price was unchanged, remaining at $2.80 per gallon.
The U.S. average regular gasoline retail price rose 1 cent from the previous week to $2.62 per gallon on November 11, 7 cents lower than the same time last year. The Gulf Coast price increased by more than 3 cents to $ $2.26 per gallon, the Rocky Mountain price increased by nearly 3 cents to $2.82 per gallon, and the Midwest price increased by 2 cents to $2.44 per gallon. The West Coast price decreased by more than 1 cent to $3.59 per gallon, and the East Coast price fell by less than 1 cent to $2.47 per gallon.
U.S. propane/propylene stocks decreased by 2.5 million barrels last week to 97.7 million barrels as of November 8, 2019, 9.0 million barrels (10.2%) greater than the five-year (2014-18) average inventory levels for this same time of year. Midwest and Gulf Coast inventories each decreased by 0.9 million barrels, East Coast inventories decreased by 0.5 million barrels, and Rocky Mountain/West Coast inventories decreased by 0.2 million barrels. Propylene non-fuel-use inventories represented 4.9% of total propane/propylene inventories.
Residential propane prices averaged almost $1.95 per gallon, more than 5 cents per gallon higher than last week’s price but nearly 48 cents per gallon lower than a year ago. Wholesale propane prices averaged just over $0.76 per gallon, more than 7 cents higher than last week’s price but almost 6 cents per gallon below last year’s price.
As of November 11, 2019, residential heating oil prices averaged nearly $2.99 per gallon, almost 2 cents per gallon above last week’s price but more than 36 cents per gallon below last year’s price at this time. Wholesale heating oil prices averaged nearly $2.03 per gallon, almost 1 cent per gallon less than last week’s price and 25 cents per gallon less than a year ago.