Fuel Report: Prices Little Changed

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price rose less than 1 cent from the previous week to $2.43 per gallon on August 10, 58 cents lower than a year ago. The Rocky Mountain price rose nearly 3 cents to $2.37 per gallon, the Midwest price increased nearly 1 cent to $2.31 per gallon, and the Gulf Coast price rose nearly 1 cent, remaining virtually unchanged at $2.18 per gallon. The West Coast price was unchanged at $2.96 per gallon. The East Coast price fell less than 1 cent to $2.51 per gallon.

The U.S. average regular gasoline retail price fell 1 cent per gallon from the previous week to $2.17 per gallon on August 10, 46 cents lower than the same time last year. The Gulf Coast price fell more than 3 cents to $1.81 per gallon, the East Coast price fell more than 1 cent to $2.09 per gallon, the West Coast price fell nearly 1 cent, remaining virtually unchanged at $2.83 per gallon, and the Rocky Mountain price fell less than 1 cent, remaining virtually unchanged at $2.37 per gallon. The Midwest price rose less than 1 cent, remaining virtually unchanged at $2.06 per gallon.

U.S. propane/propylene stocks increased by 2.6 million barrels last week to 89.3 million barrels as of August 7, 2020, 10.2 million barrels (12.9%) 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 1.4 million barrels,1.3 million barrels, and 0.2 million barrels, respectively. East Coast inventories decreased by 0.3 million barrels.




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