Fuel Report: Prices Inch Higher

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price increased nearly 2 cents to $3.27 per gallon on June 7, 88 cents higher than a year ago. The Midwest price increased nearly 3 cents to $3.22 per gallon, the West Coast price increased more than 2 cents to $3.79 per gallon, the East Coast price increased 2 cents to $3.26 per gallon, the Rocky Mountain price increased nearly 1 cent to $3.39 per gallon, and the Gulf Coast price increased nearly 1 cent, remaining virtually unchanged at $3.03 per gallon.

The U.S. average regular gasoline retail price increased nearly 1 cent to $3.04 per gallon on June 7, $1.00 higher than the same time last year. The Rocky Mountain price increased nearly 4 cents to $3.19 per gallon, the West Coast price increased more than 2 cents to $3.75 per gallon, the Midwest price increased 2 cents to $2.95 per gallon, and the East Coast price increased less than 1 cent, remaining virtually unchanged at $2.93 per gallon. The Gulf Coast price decreased more than 1 cent to $2.71 per gallon.

U.S. propane/propylene stocks increased by 5.5 million barrels last week to 53.7 million barrels as of June 4, 2021, 7.5 million barrels (12.2%) less than the five-year (2016-2020) average inventory levels for this same time of year. Gulf Coast inventories increased by 3.9 million barrels, Midwest inventories increased by1.4 million barrels, Rocky Mountain/West Coast inventories increased by 0.1 million barrels, and East Coast inventories increased slightly, remaining virtually unchanged.




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