Fuel Report: Prices Little Changed

    The U.S. average diesel fuel price decreased less than 1 cent to $3.61 per gallon on January 3, 97 cents higher than a year ago. The Rocky Mountain price decreased nearly 2 cents to $3.69 per gallon, and the Midwest, Gulf Coast, and West Coast prices each decreased less than 1 cent, remaining virtually unchanged at $3.48 per gallon, $3.33 per gallon, and $4.37 per gallon, respectively. The East Coast price increased less than 1 cent, remaining virtually unchanged at $3.60 per gallon.

    The U.S. average regular gasoline retail price increased nearly 1 cent, remaining virtually unchanged at $3.28 per gallon on January 3, $1.03 higher than a year ago. The Gulf Coast price increased nearly 4 cents to $2.94 per gallon, the West Coast price increased more than 1 cent to $4.14 per gallon, and the Midwest price increased less than 1 cent, remaining virtually unchanged at $3.03 per gallon. The Rocky Mountain price decreased more than 2 cents to $3.37 per gallon, and the East Coast price decreased nearly 1 cent, remaining virtually unchanged at $3.24 per gallon.

    U.S. propane/propylene stocks decreased by 0.7 million barrels last week to 65.7 million barrels as of December 31, 2021, 5.0 million barrels (7.1%) less than the five-year (2016-2020) average inventory levels for this same time of year. Midwest inventories decreased by 0.7 million barrels, and East Coast and Rocky Mountain/West Coast inventories each decreased by 0.1 million barrels. Gulf Coast inventories increased by 0.1 million barrels.

    Residential propane prices averaged $2.70 per gallon, less than 1 cent per gallon below last week’s price but almost 69 cents per gallon above last year’s price. Wholesale propane prices averaged $1.30 per gallon, more than 6 cents per gallon above last week’s price and nearly 41 cents per gallon above last year’s price.

    As of January 3, 2022, residential heating oil prices averaged almost $3.40 per gallon, 3 cents per gallon above last week’s price and nearly 94 cents per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged almost $2.51 per gallon, more than 4 cents per gallon above last week’s price and nearly 91 cents per gallo¬¬n above last year’s price.




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