Fuel Report: Diesel, Gas Prices Drop

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price fell nearly 4 cents from the previous week to $2.81 per gallon on March 9, 27 cents lower than a year ago. The Gulf Coast price fell 5 cents to $2.58 per gallon, both the East Coast price and the Midwest price declined by nearly 4 cents to $2.86 per gallon and $2.69 per gallon, respectively, and the West Coast and Rocky Mountain prices fell by more than 2 cents to $3.40 per gallon and $2.80 per gallon, respectively.

The U.S. average regular gasoline retail price fell more than 4 cents from the previous week to $2.38 per gallon on March 9, 10 cents lower than a year ago. The Midwest price fell nearly 7 cents to $2.23 per gallon, the Gulf Coast price fell more than 5 cents to $2.06 per gallon, the East Coast price fell nearly 5 cents to $2.30 per gallon, the Rocky Mountain price fell nearly 4 cents to $2.38 per gallon, and the West Coast price fell more than 2 cents to $3.11 per gallon.

U.S. propane/propylene stocks decreased by 2.9 million barrels last week to 67.0 million barrels as of March 6, 2020, 17.1 million barrels (34.3%) greater than the five-year (2015-19) average inventory levels for this same time of year. Gulf Coast and Midwest inventories each decreased by 1.2 million barrels, and East Coast inventories decreased 0.6 million barrels. Rocky Mountain/West Coast inventories increased by 0.1 million barrels. Propylene non-fuel-use inventories represented 8.2% of total propane/propylene inventories.




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