The US average retail price for gasoline as of 29 September 2014 was unchanged from a week ago, but seven cents lower than the same time last year at US$ 3.35/gal.
The Rocky Mountain price decline five cents to US$ 3.49/gal., while West Coast price decreased four cents to US$ 3.65/gal. The East Coast price declined one cent to US$ 3.34/gal. The Gulf Coast price increased three cents to US$ 3.16/gal., and the Midwest price rose two cents to US$ 3.30/gal.
Average US diesel fuel prices decreased two cents this week, to US$ 3.76/gal., 16 cents lower than the same time last year.
Diesel fuel prices in all regions of the country decreased, with the largest decline in the Rocky Mountains and West Coast, down four cents each to US$ 3.81/gal. and US$ 3.95/gal., respectively. The East Coast price fell three cents to US$ 3.78/gal., the Midwest price decreased two cents to US$ 3.69/gal., and the Gulf Coast price fell one cent to US$ 3.69/gal.
US propane stocks increased by 0.4 million bbls last week to 79.6 million bbls as of 26 September 2014, 12.5 million bbls (18.7%) higher than a year ago.
Gulf Coast inventories increased by 0.3 million bbls and East Coast inventories increased 0.2 million bbls. Rocky Mountains/West Coast inventories and Midwest inventories both remained unchanged.
Propylene non-fuel use inventories represented 3.6% of total propane inventories.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/03102014/gasoline-and-diesel-price-movements-1342/