Fuel Report: Gasoline Nearly a Dollar Higher Than a Year Ago

The U.S. average diesel fuel price increased nearly 3 cents to $3.37 per gallon on August 2, 94 cents higher than a year ago. The West Coast price increased nearly 6 cents to $3.99 per gallon, the East Coast price increased more than 2 cents to $3.33 per gallon, the Midwest price increased 2 cents to $3.28 per gallon, and the Rocky Mountain and Gulf Coast prices each increased nearly 2 cents to $3.67 per gallon and $3.10 per gallon, respectively.

The U.S. average regular gasoline retail price increased more than 2 cents to $3.16 per gallon on August 2, 98 cents higher than the same time last year. The Rocky Mountain price increased more than 4 cents to $3.64 per gallon, the West Coast price increased more than 3 cents to $3.91 per gallon, the Gulf Coast price increased nearly 3 cents to $2.84 per gallon, and the Midwest and East Coast prices each increased nearly 2 cents to $3.05 per gallon and $3.03 per gallon, respectively.

U.S. propane/propylene stocks increased by 1.5 million barrels last week to 66.0 million barrels as of July 30, 2021, 10.7 million barrels (14.0%) less than the five-year (2016-2020) average inventory levels for this same time of year. East Coast, Midwest, and Rocky Mountain/West Coast inventories increased by 0.8 million barrels, 0.7 million barrels, and 0.3 million barrels, respectively. Gulf Coast inventories decreased by 0.3 million barrels.




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