Fuel Report: Prices Up Slightly

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price rose nearly 1 cent from the previous week to $2.44 per gallon on July 6, 62 cents lower than a year ago. The West Coast price rose more than 1 cent to $2.96 per gallon, the Gulf Coast price increased 1 cent to $2.20 per gallon, the Midwest price rose nearly 1 cent to $2.31 per gallon, and the East Coast and Rocky Mountain prices each rose less than 1 cent to $2.53 per gallon and $2.35 per gallon, respectively.

The U.S. average regular gasoline retail price rose less than 1 cent per gallon from the previous week to $2.18 per gallon on July 6, 57 cents lower than the same time last year. The West Coast and East Coast prices each rose more than 1 cent to $2.77 per gallon and $2.10 per gallon, respectively, and the Rocky Mountain price rose 1 cent to $2.33 per gallon. The Gulf Coast price fell more than 1 cent to $1.86 per gallon, and the Midwest price declined nearly 1 cent to $2.10 per gallon.

U.S. propane/propylene stocks increased by 2.2 million barrels last week to 76.8 million barrels as of July 3, 2020, 5.3 million barrels (7.5%) 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 1.2 million barrels, 0.8 million barrels, and 0.1 million barrels, respectively, and Rocky Mountain/West Coast inventories increased slightly, remaining virtually unchanged.




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