Fuel Report: Price Drop Continues

The U.S. average diesel fuel price fell more than 7 cents from the previous week to $2.59 per gallon on March 30, 49 cents lower than a year ago. The West Coast price fell more than 12 cents to $3.13 per gallon, the Rocky Mountain price fell nearly 9 cents to $2.59 per gallon, the Gulf Coast price fell nearly 8 cents to $2.36 per gallon, the Midwest price fell nearly 7 cents to $2.43 per gallon, and the East Coast price fell more than 5 cents to $2.67 per gallon.

On March 30, the average regular gasoline retail price for the United States fell nearly 12 cents from the previous week to $2.01 per gallon, 69 cents lower than a year ago. The Midwest price fell nearly 14 cents to $1.74 per gallon, the Rocky Mountain price fell more than 13 cents to $2.11 per gallon, the West Coast price fell nearly 12 cents to $2.76 per gallon, the East Coast price fell more than 10 cents to $1.98 per gallon, and the Gulf Coast price fell nearly 10 cents to $1.76 per gallon.

U.S. propane/propylene stocks decreased by 0.3 million barrels last week to 64.7 million barrels as of March 27, 2020, 14.4 million barrels (28.7%) above the five-year (2015-19) average inventory levels for this same time of year. Gulf Coast inventories decreased by 0.5 million barrels and East Coast inventories fell slightly, remaining virtually unchanged. Midwest and Rocky Mountain/West Coast inventories increased by 0.2 million barrels and 0.1 million barrels, respectively. Propylene non-fuel-use inventories represented 8.6% of total propane/propylene inventories.

Residential propane prices averaged nearly $1.87 per gallon, more than 3 cents per gallon below last week’s price. Wholesale propane prices averaged more than $0.43 per gallon, more than 1 cent per gallon higher than last week’s price.

As of March 30, 2020, residential heating oil prices averaged more than $2.42 per gallon, almost 3 cents per gallon below last week’s price. Wholesale heating oil prices averaged more than $1.17 per gallon, 6 cents per gallon above last week’s price. There are no comparative weekly heating oil data available for the year-ago period.




The Latest


Send press releases to Ernst@Agfax.com.

View All Events


Send press releases to Ernst@Agfax.com.

View All Events