Fuel Report: Price Climb Slows

    The U.S. average diesel fuel price increased less than 1 cent, remaining virtually unchanged at $3.19 per gallon on March 22, 54 cents higher than a year ago. The Rocky Mountain price increased more than 4 cents to $3.32 per gallon, the West Coast price increased nearly 4 cents to $3.68 per gallon, and the East Coast and Gulf Coast prices each increased less than 1 cent, remaining virtually changed at $3.15 per gallon and $2.99 per gallon, respectively. The Midwest price decreased 2 cents to $3.15 per gallon.

    The U.S. average regular gasoline retail price increased more than 1 cent to $2.87 per gallon on March 22, 75 cents higher than the same time last year. The Rocky Mountain price increased nearly 10 cents to $2.94 per gallon, the West Coast price increased nearly 4 cents to $3.47 per gallon, the East Coast price increased 2 cents to $2.81 per gallon, and the Gulf Coast price increased nearly 2 cents to $2.62 per gallon. The Midwest price decreased more than 2 cents to $2.74 per gallon.

    U.S. propane/propylene stocks increased by 0.2 million barrels last week to 41.3 million barrels as of March 19, 2021, 6.2 million barrels (13.1%) less than the five-year (2016-2020) average inventory levels for this same time of year. Midwest and East Coast inventories increased by 0.6 million barrels and 0.1 million barrels, respectively. Gulf Coast and Rocky Mountain/West Coast inventories decreased by 0.4 million barrels and 0.1 million barrels, respectively.

    Residential propane prices averaged more than $2.32 per gallon, almost 4 cents per gallon lower than last week’s price but more than 42 cents per gallon above last year’s price. Wholesale propane prices averaged nearly $1.04 per gallon, almost 6 cents per gallon below last week’s price but nearly 62 cents per gallon above last year’s price.

    As of March 22, 2021, residential heating oil prices averaged more than $2.88 per gallon, more than 2 cents per gallon lower than last week’s price but more than 43 cents per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged $1.96 per gallon, 14 cents per gallon lower last week’s price but nearly 85 cents per gallon above last year’s price.




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