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    Fuel Report: Prices Up Slightly, Propane Stocks Decline

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

    The U.S. average diesel fuel price increased less than 1 cent, remaining virtually unchanged at $3.73 per gallon on November 8, $1.35 higher than a year ago. The West Coast price increased nearly 5 cents to $4.37 per gallon, and the Rocky Mountain price increased nearly 2 cents to $3.83 per gallon. The Midwest and East Coast prices each decreased nearly 1 cent to $3.63 per gallon and $3.71 per gallon, respectively, and the Gulf Coast price decreased less than 1 cent to $3.48 per gallon.

    The U.S. average regular gasoline retail price increased 2 cents to $3.41 per gallon on November 8, $1.31 higher than a year ago. The Midwest price increased more than 4 cents to $3.26 per gallon, the Gulf Coast price increased nearly 4 cents to $3.10 per gallon, and the West Coast price increased nearly 3 cents to $4.13 per gallon. The Rocky Mountain price decreased nearly 1 cent to $3.55 per gallon, and the East Coast price decreased less than 1 cent, remaining virtually unchanged at $3.34 per gallon.

    U.S. propane/propylene stocks decreased by 1.3 million barrels last week to 74.8 million barrels as of November 5, 2021, 12.6 million barrels (14.4%) less than the five-year (2016-2020) average inventory levels for this same time of year. East Coast, Midwest, and Rocky Mountain/West Coast inventories decreased by 1.1 million barrels, 0.3 million barrels, and 0.2 million barrels, respectively. Gulf Coast inventories increased by 0.2 million barrels.

    Residential propane prices averaged almost $2.74 per gallon, nearly 2 cents per gallon above last week’s price and more than 90 cents per gallon above last year’s price. Wholesale propane prices averaged almost $1.52 per gallon, nearly 2 cents per gallon below last week’s price but almost 81 cents per gallon above last year’s price.

    As of November 8, 2021, residential heating oil prices averaged more than $3.41 per gallon, nearly 2 cents per gallon above last week’s price and more than $1.27 per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged almost $2.58 per gallon, more than 2 cents per gallon below last week’s price but nearly $1.29 per gallon above last year’s price.




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