Fuel Report: Diesel, Gas Prices Slide Lower

    The U.S. average diesel fuel price decreased nearly 3 cents to $3.65 per gallon on December 13, $1.09 higher than a year ago. The Gulf Coast price decreased 3 cents to $3.37 per gallon, the East Coast price decreased nearly 3 cents to $3.63 per gallon, the Midwest and Rocky Mountain prices each decreased more than 2 cents to $3.51 per gallon and $3.76 per gallon, respectively, and the West Coast price decreased nearly 2 cents to $4.40 per gallon.

    The U.S. average regular gasoline retail price decreased nearly 3 cents to $3.32 per gallon on December 13, $1.16 higher than a year ago. The Gulf Coast price decreased 5 cents to $2.94 per gallon, the Rocky Mountain price decreased nearly 4 cents to $3.43 per gallon, and the Midwest, East Coast, and West Coast prices each decreased more than 2 cents to $3.08 per gallon, $3.28 per gallon and $4.16 per gallon, respectively.

    U.S. propane/propylene stocks decreased by 2.4 million barrels last week to 70.9 million barrels as of December 10, 2021, 8.1 million barrels (10.2%) less than the five-year (2016-2020) average inventory levels for this same time of year. Gulf Coast, East Coast, Midwest, and Rocky Mountain/West Coast inventories decreased by 1.3 million barrels, 0.5 million barrels, 0.4 million barrels, and 0.1 million barrels, respectively.

    Residential propane prices averaged nearly $2.70 per gallon, more than 1 cent below last week’s price but almost 80 cents per gallon above last year’s price. Wholesale propane prices averaged nearly $1.20 per gallon, almost 3 cents per gallon above last week’s price and 48 cents per gallon above last year’s price.

    As of December 13, 2021, residential heating oil prices averaged nearly $3.35 per gallon, almost 3 cents per gallon above last week’s price and $1.01 per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged nearly $2.39 per gallon, 13 cents per gallon above last week’s price and almost 85 cents per gallon above last year’s price.




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