Fuel Report: Diesel Prices Up Slightly, Gasoline Remain Variable

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price rose less than 1 cent, remaining at $3.07 per gallon on December 2, 14 cents lower than a year ago. The Midwest price rose by more than 1 cent to $2.98 per gallon, the East Coast price rose by nearly 1 cent to $3.06 per gallon, and the Gulf Coast price rose by less than 1 cent to remain at $2.78 per gallon. The West Coast price fell by nearly 2 cents to $3.70 per gallon, and the Rocky Mountain price fell by nearly 1 cent to $3.24 per gallon.

The U.S. average regular gasoline retail price fell less than 1 cent from the previous week to remain at $2.58 per gallon on December 2, 12 cents higher than the same time last year. The West Coast price fell more than 6 cents to $3.41 per gallon, the Gulf Coast price fell more than 1 cent to $2.23 per gallon, and the Rocky Mountain price fell nearly 1 cent to $2.82 per gallon. The Midwest price increased by more than 2 cents to $2.42 per gallon, and East Coast price increased by nearly 2 cents to $2.48 per gallon.

U.S. propane/propylene stocks decreased by 1.7 million barrels last week to 91.8 million barrels as of November 29, 2019, 4.1 million barrels (4.6%) greater than the five-year (2014-18) average inventory levels for this same time of year. Midwest, East Coast, and Gulf Coast inventories decreased by 0.8 million barrels, 0.7 million barrels, and 0.4 million barrels, respectively. Rocky Mountain/West Coast inventories increased by 0.2 million barrels. Propylene non-fuel-use inventories represented 5.8% of total propane/propylene inventories.

Residential propane prices averaged nearly $2.04 per gallon, almost 4 cents per gallon higher than last week’s price but more than 39 cents per gallon lower than a year ago. Wholesale propane prices averaged almost $0.91 per gallon, nearly 1 cent per gallon higher than last week’s price and more than 6 cents per gallon above last year’s price.

As of December 2, 2019, residential heating oil prices averaged nearly $3.01 per gallon, almost 2 cents per gallon above last week’s price but more than 19 cents per gallon below last year’s price at this time. Wholesale heating oil prices averaged almost $2.05 per gallon, less than 1 cent per gallon more than last week’s price and nearly 8 cents per gallon more than a year ago.




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