Fuel Report: Price Climb Continues

    The U.S. average diesel fuel price increased nearly 5 cents to $3.19 per gallon on March 15, 46 cents higher than a year ago. The Rocky Mountain price increased nearly 15 cents to $3.28 per gallon, the Gulf Coast price increased nearly 6 cents to $2.99 per gallon, the West Coast price increased nearly 5 cents to $3.64 per gallon, the Midwest Price increased more than 4 cents to $3.17 per gallon, and the East Coast price increased more than 3 cents to $3.15 per gallon.

    The U.S. average regular gasoline retail price increased more than 8 cents to $2.85 per gallon on March 15, 61 cents higher than the same time last year. The Rocky Mountain price increased more than 13 cents to $2.84 per gallon, the Gulf Coast price increased 11 cents to $2.61 per gallon, the West Coast price increased nearly 9 cents to $3.43 per gallon, the East Coast price increased more than 8 cents to $2.79 per gallon, and the Midwest price increased nearly 6 cents to $2.76 per gallon.

    U.S. propane/propylene stocks decreased by 0.2 million barrels last week to 41.0 million barrels as of March 12, 2021, 7.2 million barrels (14.9%) less than the five-year (2016-2020) average inventory levels for this same time of year. East Coast and Midwest inventories decreased by 0.4 million barrels and 0.2 million barrels, respectively, and Rocky Mountain/West Coast inventories decreased slightly, remaining virtually unchanged. Gulf Coast inventories increased by 0.5 million barrels.

    Residential propane prices averaged almost $2.36 per gallon, nearly 6 cents per gallon lower than last week’s price but 43 cents per gallon above last year’s price. Wholesale propane prices averaged more than $1.09 per gallon, almost 7 cents per gallon below last week’s price but more than 60 cents per gallon above last year’s price.

    As of March 15, 2021, residential heating oil prices averaged more than $2.90 per gallon, 2 cents per gallon higher than last week’s price and nearly 31 cents per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged $2.10 per gallon, more than 2 cents per gallon above last week’s price and more than 85 cents per gallon above last year’s price.




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