Fuel Report: Price Climb Continues

    Diesel, gas pump. ©Debra L Ferguson

    The U.S. average diesel fuel price increased more than 4 cents to $3.71 per gallon on October 25, $1.33 higher than a year ago. The Gulf Coast price increased more than 6 cents to $3.48 per gallon, the West Coast price increased more than 5 cents to $4.28 per gallon, the East Coast and Rocky Mountain prices each increased nearly 5 cents to $3.70 per gallon and $3.78 per gallon, respectively, and the Midwest price increased nearly 2 cents to $3.63 per gallon.

    The U.S. average regular gasoline retail price increased more than 6 cents to $3.38 per gallon on October 25, $1.24 higher than a year ago. The East Coast price increased nearly 10 cents to $3.34 per gallon, the Gulf Coast price increased nearly 8 cents to $3.06 per gallon, the West Coast price increased nearly 6 cents to $4.07 per gallon, and the Midwest price increased nearly 2 cents to $3.22 per gallon. The Rocky Mountain price decreased nearly 1 cent to $3.56 per gallon.

    U.S. propane/propylene stocks increased by 2.0 million barrels last week to 75.7 million barrels as of October 22, 2021, 13.5 million barrels (15.2%) less than the five-year (2016-2020) average inventory levels for this same time of year. Gulf Coast, East Coast, and Rocky Mountain/West Coast inventories each increased by 1.2 million barrels, 0.7 million barrels, and 0.1 million barrels, and Midwest inventories increased slightly, remaining virtually unchanged.

    Residential propane prices averaged nearly $2.72 per gallon, almost 3 cents per gallon above last week’s price and nearly 92 cents per gallon above last year’s price. Wholesale propane prices averaged almost $1.57 per gallon, nearly 7 cents per gallon below last week’s price but more than 87 cents per gallon above last year’s price.

    As of October 25, 2021, residential heating oil prices averaged more than $3.40 per gallon, nearly 4 cents per gallon above last week’s price and $1.26 per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged almost $2.66 per gallon, more than 2 cents per gallon below last week’s price but $1.41 per gallon above last year’s price.




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