Fuel Report: Prices Rocket Higher

    The U.S. average diesel fuel price increased nearly 11 cents to $3.59 per gallon on October 11, $1.19 higher than a year ago. The Gulf Coast price increased more than 13 cents to $3.34 per gallon, the East Coast price increased nearly 13 cents to $3.56 per gallon, the Midwest price increased nearly 11 cents to $3.54 per gallon, the West Coast price increased more than 6 cents to $4.13 per gallon, and the Rocky Mountain price increased more than 3 cents to $3.67 per gallon.

    The U.S. average regular gasoline retail price increased nearly 8 cents to $3.27 per gallon on October 11, $1.10 higher than a year ago. The East Coast and Gulf Coast prices each increased 10 cents to $3.18 and $2.94 per gallon, respectively, the Midwest price increased more than 7 cents to $3.14 per gallon, and the West Coast price increased nearly 3 cents to $3.97 per gallon. The Rocky Mountain price decreased nearly 1 cent to $3.56 per gallon.

    U.S. propane/propylene stocks decreased by 0.6 million barrels last week to 71.7 million barrels as of October 8, 2021, 18.5 million barrels (20.5%) less than the five-year (2016-2020) average inventory levels for this same time of year. East Coast and Midwest inventories decreased by 0.8 million barrels and 0.3 million barrels, respectively. Gulf Coast and Rocky Mountain/West Coast inventories increased by 0.3 million barrels and 0.2 million barrels, respectively.

    Residential propane prices averaged $2.67 per gallon, 8 cents per gallon above last week’s price and more than 89 cents per gallon above last year’s price. Wholesale propane prices averaged almost $1.62 per gallon, more than 1 cent per gallon lower than last week’s price and nearly 92 cents per gallon above last year’s price.

    As of October 11, 2021, residential heating oil prices averaged nearly $3.29 per gallon, more than 11 cents per gallon above last week’s price and more than $1.15 per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged $2.60 per gallon, almost 9 cents per gallon above last week’s price and more than $1.31 per gallon above last year’s price.




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