Fuel Report: Prices Climb Higher

    The U.S. average diesel fuel price increased nearly 9 cents to $3.67 per gallon on October 18, $1.28 higher than a year ago. The West Coast and East Coast prices each increased over 9 cents to $4.23 per gallon and $3.66 per gallon, respectively, the Gulf Coast price increased nearly 9 cents to $3.42 per gallon, the Midwest price increased nearly 8 cents to $3.62 per gallon, and the Rocky Mountain price increased nearly 6 cents to $3.73 per gallon.

    The U.S. average regular gasoline retail price increased nearly 6 cents to $3.32 per gallon on October 18, $1.17 higher than a year ago. The East Coast price increased more than 6 cents to $3.24 per gallon, the Midwest price increased nearly 6 cents to $3.20 per gallon, the Gulf Coast price increased nearly 5 cents to $2.98 per gallon, the West Coast price increased nearly 5 cents to $4.01 per gallon, and the Rocky Mountain price increased less than 1 cent to $3.57 per gallon.

    U.S. propane/propylene stocks increased by 1.9 million barrels last week to 73.6 million barrels as of October 15, 2021, 15.4 million barrels (17.3%) less than the five-year (2016-2020) average inventory levels for this same time of year. Gulf Coast, East Coast, and Midwest inventories increased by 1.6 million barrels, 0.2 million barrels, and 0.1 million barrels, respectively, and Rocky Mountain/West Coast inventories increased slightly, remaining virtually unchanged.

    Residential propane prices averaged more than $2.69 per gallon, more than 3 cents per gallon above last week’s price and more than 90 cents per gallon above last year’s price. Wholesale propane prices averaged more than $1.63 per gallon, more than 1 cent per gallon above last week’s price and 94 cents per gallon above last year’s price.

    As of October 18, 2021, residential heating oil prices averaged more than $3.36 per gallon, nearly 8 cents per gallon above last week’s price and almost $1.22 per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged more than $2.68 per gallon, more than 8 cents per gallon above last week’s price and almost $1.41 per gallon above last year’s price.




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