Fuel Report: Prices Little Changed

The U.S. average diesel fuel price fell less than 1 cent, remaining virtually unchanged at $2.39 per gallon on June 1, 75 cents lower than a year ago. The Rocky Mountain and East Coast prices each fell nearly 1 cent to $2.34 per gallon and $2.49 per gallon, respectively, the Gulf Coast price fell less than 1 cent to $2.17 per gallon, and the West Coast and Midwest prices also fell less than 1 cent, but remained virtually unchanged at $2.90 per gallon and $2.23 per gallon, respectively.

The U.S. average regular gasoline retail price rose more than 1 cent per gallon from the previous week to $1.97 per gallon on June 1, 83 cents lower than the same time last year. The Rocky Mountain price rose more than 10 cents to $2.09 per gallon, the West Coast price rose nearly 3 cents to $2.58 per gallon, the Gulf Coast price rose more than 2 cents to $1.62 per gallon, and the East Coast and Midwest prices each rose nearly 1 cent, remaining virtually unchanged at $1.91 per gallon, and $1.89 per gallon, respectively.

U.S. propane/propylene stocks increased by 3.1 million barrels last week to 67.3 million barrels as of May 29, 2020, 7.2 million barrels (12.0%) greater than the five-year (2015-19) average inventory levels for this same time of year. Gulf Coast, Midwest, and Rocky Mountain/West Coast inventories increased by 1.8 million barrels, 0.9 million barrels, and 0.3 million barrels, respectively. East coast inventories decreased slightly, remaining virtually unchanged.




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