Fuel Report: Prices See Modest Rise

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price increased nearly 2 cents to $3.14 per gallon on May 3, 74 cents higher than a year ago. The Midwest price increased nearly 3 cents to $3.09 per gallon, the Rocky Mountains price increased more than 2 cents to $3.25 per gallon, the East Coast price increased 2 cents to $3.11 per gallon, the West Coast price increased more than 1 cent to $3.66 per gallon, and the Gulf Coast price increased nearly 1 cent to $2.92 per gallon.

The U.S. average regular gasoline retail price increased nearly 2 cents to $2.89 per gallon on May 3, $1.10 higher than the same time last year. The West Coast price increased nearly 5 cents to $3.60 per gallon, the Rocky Mountains price increased nearly 3 cents to $3.02 per gallon, the East Coast price increased nearly 2 cents to $2.78 per gallon, and the Midwest price increased more than 1 cent to $2.81 per gallon. The Gulf Coast price decreased less than 1 cent to $2.58 per gallon.

U.S. propane/propylene stocks increased by 0.5 million barrels last week to 41.5 million barrels as of April 30, 2021, 9.9 million barrels (19.3%) less than the five-year (2016-2020) average inventory levels for this same time of year. East Coast and Midwest inventories each increased by 0.3 million barrels. Gulf Coast inventories decreased by 0.1 million barrels, and Rocky Mountain/West Coast inventories decreased slightly, remaining virtually unchanged.




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