Fuel Report: Diesel, Gas Prices Rise

Photo: ©Debra L Ferguson

The U.S. average diesel fuel price increased 4 cents to $2.50 per gallon on November 30, 57 cents lower than a year ago. The Midwest price increased nearly 5 cents to $2.40 per gallon, the Gulf Coast price increased more than 4 cents to $2.25 per gallon, the East Coast and West Coast prices each increased more than 3 cents to $2.54 per gallon and $3.04 per gallon, respectively, and the Rocky Mountain price increased nearly 3 cents to $2.54 per gallon.

The U.S. average regular gasoline retail price increased nearly 2 cents to $2.12 per gallon on November 30, 46 cents lower than the same time last year. The East Coast price increased more than 3 cents to $2.11 per gallon, the Gulf Coast price increased nearly 2 cents to $1.79 per gallon, the Midwest price increased nearly 1 cent to $1.95 per gallon, the West Coast price increased nearly 1 cent, remaining virtually unchanged at $2.77 per gallon, and the Rocky Mountain price increased less than 1 cent, remaining virtually unchanged at $2.18 per gallon.

U.S. propane/propylene stocks decreased by 0.8 million barrels last week to 91.7 million barrels as of November 27, 2020, 5.8 million barrels (6.8%) greater than the five-year (2015-19) average inventory levels for this same time of year. Gulf Coast, East Coast, and Midwest inventories decreased by 0.6 million barrels, 0.3 million barrels, and 0.1 million barrels, respectively. Rocky Mountain/West Coast inventories increased by 0.1 million barrels.

Residential propane prices averaged almost $1.86 per gallon, less than 1 cent per gallon above last week’s price but more than 17 cents per gallon below last year’s price. Wholesale propane prices averaged nearly $0.68 per gallon, almost 3 cents per gallon above last week’s price but 23 cents per gallon below last year’s price.

As of November 30, 2020, residential heating oil prices averaged more than $2.26 per gallon, more than 6 cents per gallon above last week’s price but nearly 74 cents per gallon lower than last year’s price at this time. Wholesale heating oil prices averaged almost $1.49 per gallon, more than 10 cents per gallon above last week’s price but nearly 56 cents per gallon lower than last year.




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