The U.S. average diesel fuel price fell nearly 2 cents from the previous week to $3.06 per gallon on January 13, 9 cents higher than a year ago. The Rocky Mountain price fell nearly 4 cents to $3.07 per gallon, the West Coast price fell more than 2 cents to $3.59 per gallon, the Gulf Coast price fell nearly 2 cents to $2.81 per gallon, the Midwest price fell more than 1 cent to $2.97 per gallon, and the East Coast price fell nearly 1 cent to $3.11 per gallon.
The U.S. average regular gasoline retail price fell nearly 1 cent from the previous week to $2.57 per gallon on January 13, 32 cents higher than the same time last year. The Rocky Mountain price fell more than 3 cents to $2.61 per gallon, the East Coast price declined 2 cents to $2.52 per gallon, the West Coast price fell nearly 1 cent to $3.20 per gallon, and the Gulf Coast price fell less than 1 cent, remaining at $2.28 per gallon. The Midwest price rose nearly 1 cent to $2.44 per gallon.
U.S. propane/propylene stocks decreased by 0.9 million barrels last week to 87.9 million barrels as of January 10, 2020, 15.0 million barrels (20.6%) greater than the five-year (2015-19) average inventory levels for this same time of year. Gulf Coast, East Coast, and Midwest inventories decreased by 0.4 million barrels, 0.3 million barrels, and 0.2 million barrels, respectively. Rocky Mountain/West Coast inventories remained unchanged. Propylene non-fuel-use inventories represented 7.0% of total propane/propylene inventories.
Residential propane prices averaged almost $2.01 per gallon, less than 1 cent per gallon above last week’s price but nearly 42 cents per gallon less than a year ago. Wholesale propane prices averaged $0.64 per gallon, 2 cents per gallon lower than last week’s price and more than 14 cents per gallon below last year’s price.
As of January 13, 2020, residential heating oil prices averaged nearly $3.11 per gallon, 1 cent per gallon below last week’s price and 3 cents per gallon lower than last year’s price at this time. Wholesale heating oil prices averaged more than $2.03 per gallon, almost 14 cents per gallon lower than last week’s price but more than 5 cents per gallon higher than a year ago.