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    Fuel Report: Slight Price Increases

    The U.S. average diesel fuel price increased more than 1 cent to $3.73 per gallon on November 1, $1.36 higher than a year ago. The West Coast price increased nearly 5 cents to $4.32 per gallon, the Rocky Mountain price increased nearly 4 cents to $3.81 per gallon, the East Coast price increased more than 1 cent to $3.72 per gallon, the Midwest price increased nearly 1 cent to $3.64 per gallon, and the Gulf Coast price increased less than 1 cent to $3.49 per gallon.

    The U.S. average regular gasoline retail price increased nearly 1 cent to $3.39 per gallon on November 1, $1.28 higher than a year ago. The West Coast price increased by nearly 4 cents to $4.10 per gallon, the East Coast price increased by nearly 1 cent, remaining virtually unchanged $3.34 per gallon, and the Gulf Coast prices increased by nearly 1 cent to $3.07 per gallon. The Midwest price decreased by less than 1 cent to $3.21 per gallon, and the Rocky Mountain price decreased by less than 1 cent, remaining virtually unchanged at $3.56 per gallon.

    U.S. propane/propylene stocks increased by 0.4 million barrels last week to 76.1 million barrels as of October 29, 2021, 12.4 million barrels (14.1%) less than the five-year (2016-2020) average inventory levels for this same time of year. East Coast and Midwest inventories increased by 0.6 million barrels and 0.4 million barrels, respectively. Gulf Coast inventories decreased by 0.5 million barrels, and Rocky Mountain/West Coast inventories decreased slightly, remaining virtually unchanged.

    Residential propane prices averaged $2.72 per gallon, almost 1 cent per gallon above last week’s price and nearly 90 cents per gallon above last year’s price. Wholesale propane prices averaged almost $1.54 per gallon, nearly 3 cents per gallon below last week’s price but more than 85 cents per gallon above last year’s price.

    As of November 1, 2021, residential heating oil prices averaged more than $3.39 per gallon, almost 1 cent per gallon below last week’s price but more than $1.26 per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged nearly $2.60 per gallon, 6 cents per gallon below last week’s price but more than $1.41 per gallon above last year’s price.




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