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    Fuel Report: Diesel Prices Jump Higher

    Diesel fillup on the farm. ©Debra L Ferguson Stock Photography

    The U.S. average diesel fuel price increased more than 7 cents to $3.48 per gallon on October 4, $1.09 higher than a year ago. The Midwest price increased more than 10 cents to $3.43 per gallon, the East Coast price increased nearly 7 cents to $3.44 per gallon, the Gulf Coast price increased more than 6 cents to $3.20 per gallon, the West Coast price increased 4 cents to $4.07 per gallon, and the Rocky Mountain price increased nearly 4 cents to $3.64 per gallon.

    The U.S. average regular gasoline retail price increased nearly 2 cents to $3.19 per gallon on October 4, $1.02 higher than a year ago. The Midwest price increased nearly 4 cents to $3.07 per gallon, the West Coast price increased more than 2 cents to $3.94 per gallon, and the East Coast price increased nearly 1 cent, remaining virtually unchanged at $3.08 per gallon. The Rocky Mountain price decreased 1 cent to $3.57 per gallon, and the Gulf Coast price decreased nearly 1 cent, remaining virtually unchanged at $2.84 per gallon.

    U.S. propane/propylene stocks decreased by 0.6 million barrels last week to 72.3 million barrels as of October 1, 2021, 18.4 million barrels (20.3%) less than the five-year (2016-2020) average inventory levels for this same time of year. Gulf Coast and East Coast inventories decreased by 0.4 million barrels and 0.3 million barrels, respectively, and Rocky Mountain/West Coast inventories decreased slightly, remaining virtually unchanged. Midwest inventories increased by 0.1 million barrels.

    Residential propane prices entered the 2021–22 heating season at an average of nearly $2.59 per gallon, almost 82 cents per gallon higher than at the same time last year. Wholesale propane prices averaged more than $1.63 per gallon, nearly 99 cents per gallon higher than the October 5, 2020, price.

    As of October 4, 2021, residential heating oil prices averaged more than $3.17 per gallon, more than $1.04 per gallon higher than at the same time last year. The average wholesale heating oil price for the start of the season averaged more than $2.51 per gallon, almost $1.32 per gallon above last year’s price.




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