Fuel Report: Diesel Jumps Higher, Slight Rise in Gasoline

    The U.S. average diesel fuel price increased more than 4 cents to $3.66 per gallon on January 10, 99 cents higher than a year ago. The Gulf Coast price increased nearly 6 cents to $3.38 per gallon, the West Coast and Midwest prices each increased nearly 5 cents to $4.42 and per gallon and $3.52 per gallon, respectively, and the East Coast price increased more than 4 cents to $3.65 per gallon. The Rocky Mountain price decreased more than 2 cents to $3.67 per gallon.

    The U.S. average regular gasoline retail price increased more than 1 cent to $3.30 per gallon on January 10, 98 cents higher than a year ago. The Midwest price increased by nearly 8 cents to $3.11 per gallon and the West Coast price increased more than 1 cent to $4.16 per gallon. The Gulf Coast price decreased more than 2 cents to $2.92 per gallon, the Rocky Mountain price decreased nearly 2 cents to $3.35 per gallon, and the East Coast price decreased more than 1 cent to $3.23 per gallon.

    U.S. propane/propylene stocks decreased by 3.4 million barrels last week to 62.4 million barrels as of January 7, 2022, 4.3 million barrels (6.5%) less than the five-year (2017-2021) average inventory levels for this same time of year. Gulf Coast inventories decreased by 2.7 million barrels, and Rocky Mountain/West Coast and Midwest inventories each decreased by 1.0 million barrels. East Coast inventories increased by 0.4 million barrels.

    Residential propane prices averaged almost $2.71 per gallon, nearly 1 cent per gallon above last week’s price and almost 63 cents per gallon above last year’s price. Wholesale propane prices averaged $1.29 per gallon, 1 cent per gallon below last week’s price but nearly 28 cents per gallon above last year’s price.

    As of January 10, 2022, residential heating oil prices averaged almost $3.46 per gallon, nearly 7 cents per gallon above last week’s price and more than 95 cents per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged almost $2.63 per gallon, more than 12 cents per gallon above last week’s price and nearly 94 cents per gallo¬¬n above last year’s price.




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