Fuel Report: Prices Jump Higher; Propane Stocks Rise, Still Below Average

Photo: John Nuckolls, FarmPropane.com

The U.S. average diesel fuel price increased more than 4 cents to $3.19 per gallon on May 10, 79 cents higher than a year ago. The Rocky Mountain price increased nearly 6 cents to $3.31 per gallon, the East Coast and Midwest prices each increased nearly 5 cents to $3.16 per gallon and $3.13 per gallon, respectively, the Gulf Coast price increased more than 4 cents to $2.97 per gallon, and the West Coast price increased nearly 3 cents to $3.69 per gallon.

The U.S. average regular gasoline retail price increased more than 7 cents to $2.96 per gallon on May 10, $1.11 higher than the same time last year. The East Coast price increased nearly 9 cents to $2.86 per gallon, the Gulf Coast price increased more than 8 cents to $2.67 per gallon, the Midwest price increased nearly 6 cents to $2.87 per gallon, the West Coast price increased nearly 5 cents to $3.65 per gallon, and the Rocky Mountain price increased more than 4 cents to $3.06 per gallon.

U.S. propane/propylene stocks increased by 2.5 million barrels last week to 44.0 million barrels as of May 7, 2021, 9.1 million barrels (17.1%) less than the five-year (2016-2020) average inventory levels for this same time of year. Gulf Coast, Midwest, and Rocky Mountain/West Coast inventories increased by 2.0 million, 0.6 million, and 0.2 million barrels, respectively. East Coast inventories decreased by 0.3 million barrels.




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