Fuel Report: Prices Up Slightly, Propane Stocks Continue Lower

    Photo: Blackhawk Propane

    The U.S. average diesel fuel price increased 2 cents to $2.72 per gallon on January 25, 29 cents lower than a year ago. The Midwest, Gulf Coast, and West Coast prices each increased more than 2 cents to $2.66 per gallon, $2.48 per gallon, and $3.18 per gallon, respectively, the East Coast price increased nearly 2 cents to $2.76 per gallon, and the Rocky Mountain price increased 1 cent to $2.61 per gallon.

    The U.S. average regular gasoline retail price increased more than 1 cent to $2.39 per gallon on January 25, 11 cents lower than the same time last year. The East Coast, West Coast, and Rocky Mountain prices each increased more than 2 cents to $2.37 per gallon, $2.93 per gallon, and $2.26 per gallon, respectively. The Midwest price was unchanged at $2.28 per gallon, and the Gulf Coast price decreased 1 cent to $2.10 per gallon.

    U.S. propane/propylene stocks decreased by 2.2 million barrels last week to 57.6 million barrels as of January 22, 2021, 5.5 million barrels (8.7%) less than the five-year (2016-2020) average inventory levels for this same time of year. Midwest, Gulf Coast, and Rocky Mountain/West Coast inventories decreased by 1.5 million barrels, 0.8 million barrels, and 0.4 million barrels. East Coast inventories increased by 0.6 million barrels.

    Residential propane prices averaged nearly $2.20 per gallon, more than 1 cent per gallon higher than last week’s price and more than 20 cents per gallon above last year’s price. Wholesale propane prices averaged more than $1.01 per gallon, 16 cents per gallon lower than last week’s price but more than 44 cents per gallon above last year’s price.

    As of January 25, 2021, residential heating oil prices averaged almost $2.58 per gallon, nearly 2 cents per gallon higher than last week’s price but more than 42 cents per gallon lower than last year’s price at this time. Wholesale heating oil prices averaged almost $1.69 per gallon, nearly 2 cents per gallon below last week’s price and almost 15 cents per gallon below last year’s price.




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