Fuel Report: Prices Rise, Still Well Below Last Year

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price rose more than 2 cents from the previous week to $2.43 per gallon on June 22, 62 cents lower than a year ago. The Midwest price increased more than 3 cents to $2.29 per gallon, the Gulf Coast price increased more than 2 cents to $2.20 per gallon, the West Coast price rose nearly 2 cents to $2.95 per gallon, the East Coast price both rose more than 1 cent to $2.52 per gallon, and the Rocky Mountain price rose nearly 1 cent, remaining virtually unchanged at $2.35 per gallon.

The U.S. average regular gasoline retail price rose more than 3 cents per gallon from the previous week to $2.13 per gallon on June 22, 53 cents lower than the same time last year. The West Coast price rose 4 cents to $2.72 per gallon, the Rocky Mountain and Gulf Coast prices each rose nearly 4 cents to $2.27 per gallon and $1.82 per gallon, respectively, the Midwest price increased 3 cents to $2.06 per gallon, and the East Coast price rose nearly 3 cents to $2.05 per gallon.

U.S. propane/propylene stocks increased by 2.4 million barrels last week to 71.3 million barrels as of June 19, 2020, 3.8 million barrels (5.6%) greater than the five-year (2015-19) average inventory levels for this same time of year. Gulf Coast, Midwest, and East Coast inventories increased by 1.6 million barrels, 0.6 million barrels, and 0.1 million barrels, respectively, and Rocky Mountain/West coast inventories increased slightly, remaining virtually unchanged.




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