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    Fuel Report: Diesel, Gas Prices Drop

    The U.S. average diesel fuel price decreased nearly 5 cents to $3.67 per gallon on December 6, $1.15 higher than a year ago. The Midwest price decreased nearly 7 cents to $3.54 per gallon, the Gulf Coast price decreased more than 5 cents to $3.40 per gallon, the Rocky Mountain price decreased more than 4 cents to $3.78 per gallon, the West Coast price decreased more than 3 cents to $4.42 per gallon, and the East Coast price decreased nearly 3 cents to $3.66 per gallon.

    The U.S. average regular gasoline retail price decreased nearly 4 cents to $3.34 per gallon on December 6, $1.19 higher than a year ago. The Midwest price decreased more than 6 cents to $3.11 per gallon, the East Coast price decreased more than 4 cents to $3.30 per gallon, the Rocky Mountain price decreased more than 3 cents to $3.47 per gallon, the West Coast price decreased nearly 2 cents to $4.18 per gallon, and the Gulf Coast price decreased more than 1 cent to $2.99 per gallon.

    U.S. propane/propylene stocks increased by 0.6 million barrels last week to 73.3 million barrels as of December 3, 2021, 8.9 million barrels (10.9%) less than the five-year (2016-2020) average inventory levels for this same time of year. Gulf Coast and East Coast inventories increased by 0.9 million barrels and 0.4 million barrels, respectively. Midwest and Rocky Mountain/West Coast inventories decreased by 0.7 million barrels and 0.1 million barrels, respectively.

    Residential propane prices averaged almost $2.72 per gallon, unchanged from last week’s price but nearly 84 cents per gallon above last year’s price. Wholesale propane prices averaged more than $1.17 per gallon, 19 cents per gallon below last week’s price but 45 cents per gallon above last year’s price.

    As of December 6, 2021, residential heating oil prices averaged $3.33 per gallon, more than 3 cents per gallon below last week’s price but nearly $1.04 per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged almost $2.26 per gallon, nearly 24 cents per gallon below last week’s price but more than 75 cents per gallon above last year’s price.




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