Fuel Report: Diesel, Gas Prices Slip Slightly

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price decreased by nearly 1 cent from the previous week, remaining at $2.44 per gallon on September 7, 54 cents lower than a year ago. The East Coast, Midwest, West Coast, and Rocky Mountain prices decreased by nearly 1 cent to $2.51 per gallon, $2.32 per gallon, $2.96 per gallon, and $2.38 per gallon, respectively, and the Gulf Coast price decreased by less than 1 cent to $2.18 per gallon.

The U.S. average regular gasoline retail price decreased by more than 1 cent from the previous week to $2.21 per gallon on September 7, 34 cents lower than the same time last year. The Midwest price decreased by nearly 6 cents to $2.07 per gallon. The Rocky Mountain and West Coast prices remained unchanged at $2.35 per gallon and $2.86 per gallon, respectively. The East Coast price increased by more than 1 cent to $2.17 per gallon, and the Gulf Coast price increased by less than 1 cent, remaining virtually unchanged at $1.89 per gallon.

U.S. propane/propylene stocks increased by 2.2 million barrels last week to 97.4 million barrels as of September 4, 2020, 10.3 million barrels (11.9%) greater than the five-year (2015-19) average inventory levels for this same time of year. East Coast, Midwest, Gulf Coast, and Rocky Mountain/West Coast inventories increased by 1.0 million barrels, 0.6 million barrels, 0.4 million barrels, and 0.2 million barrels, respectively.




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