Fuel Reports: Diesel Prices Jump Higher

    Diesel, gas pump. ©Debra L Ferguson

    The U.S. average diesel fuel price increased nearly 6 cents to $2.44 per gallon on November 16, 63 cents lower than a year ago. The Rocky Mountain price increased nearly 12 cents to $2.49 per gallon, the Midwest price increased nearly 8 cents to $2.34 per gallon, the West Coast price increased more than 5 cents to $2.99 per gallon, the Gulf Coast price increased nearly 5 cents to $2.18 per gallon, and the East Coast price increased nearly 4 cents to $2.49 per gallon.

    The U.S. average regular gasoline retail price increased nearly 2 cents to $2.11 per gallon on November 16, 48 cents lower than the same time last year. The Gulf Coast price increased more than 3 cents to $1.78 per gallon, and the East Coast price increased nearly 3 cents to $2.07 per gallon. The West Coast price was unchanged at $2.77 per gallon. The Midwest price decreased nearly 1 cent to $1.96 per gallon, and the Rocky Mountain price decreased nearly 1 cent, remaining virtually unchanged at $2.20 per gallon.

    U.S. propane/propylene stocks decreased by 2.0 million barrels last week to 92.9 million barrels as of November 13, 2020, 5.3 million barrels (6.1%) greater than the five-year (2015-19) average inventory levels for this same time of year. Gulf Coast and East Coast inventories decreased by 1.9 million barrels and 0.3 million barrels, respectively. Midwest and Rocky Mountain/West Coast inventories increased by 0.2 million barrels and 0.1 million barrels, respectively.

    Residential propane prices averaged almost $1.86 per gallon, nearly 2 cents per gallon above last week’s price but almost 12 cents per gallon below last year’s price. Wholesale propane prices averaged nearly $0.71 per gallon, less than 1 cent per gallon below last week’s price and more than 14 cents per gallon below last year’s price.

    As of November 16, 2020, residential heating oil prices averaged $2.18 per gallon, nearly 4 cents per gallon above last week’s price but almost 81 cents per gallon lower than last year’s price at this time. Wholesale heating oil prices averaged nearly $1.31 per gallon, almost 2 cents per gallon above last week’s price but nearly 75 cents per gallon lower than last year.




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