Fuel Report: Strong Variability in Diesel, Gas Movement

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price fell nearly 1 cent to $3.07 per gallon on November 25, 20 cents lower than a year ago. The West Coast price fell nearly 4 cents to $3.72 per gallon, the Gulf Coast price fell nearly 2 cents to $2.78 per gallon, and the Midwest price fell less than 1 cent, remaining at $2.97 per gallon. The Rocky Mountain price increased more than 1 cent to $3.25 per gallon and the East Coast price increased less than 1 cent, remaining at $3.05 per gallon.

The U.S. average regular gasoline retail price fell more than 1 cent from the previous week to $2.58 per gallon on November 25, 4 cents higher than the same time last year. The West Coast price fell nearly 7 cents to $3.47 per gallon, the Midwest price fell more than 3 cents to $2.40 per gallon, and the Rocky Mountain price fell 1 cent to $2.83 per gallon. The Gulf Coast price increased nearly 2 cents to $2.24 per gallon and the East Coast price increased nearly 1 cent to $2.46 per gallon.

U.S. propane/propylene stocks decreased by 0.7 million barrels last week to 93.5 million barrels as of November 22, 2019, 5.1 million barrels (5.7%) greater than the five-year (2014-18) average inventory levels for this same time of year. Midwest, Rocky Mountain/West Coast, and East Coast inventories decreased by 0.5 million barrels, 0.3 million barrels, and 0.2 million barrels, respectively. Gulf Coast inventories increased by 0.4 million barrels. Propylene non-fuel-use inventories represented 5.6% of total propane/propylene inventories.

Residential propane prices averaged $2.00 per gallon, 3 cents per gallon higher than last week’s price but more than 42 cents per gallon lower than a year ago. Wholesale propane prices averaged $0.90 per gallon, more than 5 cents per gallon higher than last week’s price and 4 cents per gallon above last year’s price.

As of November 25, 2019, residential heating oil prices averaged almost $3.00 per gallon, more than 1 cent per gallon above last week’s price but nearly 28 cents per gallon below last year’s price at this time. Wholesale heating oil prices averaged over $2.04 per gallon, more than 1 cent per gallon less than last week’s price and almost 1 cent per gallon less than a year ago.


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