According to the US Energy Information Administration (EIA), the US average retail price for regular gasoline increased once cent to US$ 3.46/gal. as of 1 September 2014, but was 15 cents lower than the same time last year.
Changes across regions varied. The Midwest price increased by almost four cents to US$ 3.43/gal., while the West Coast price decreased by three cents to US$ 3.80/gal. The Gulf Coast price declined two cents to US$ 3.22/gal., while the East Coast price increased by one cent to US$ 3.41/gal. The Rocky Mountain price decreased by one cent to US$ 3.64/gal.
The US average diesel fuel price decreased by one cent to US$ 3.81/gal., 17 cents lower than the same time last year. Prices in all regions of the country fell except on the West Coast, which increased two cents to US$ 4.03/gal. The East Coast, Midwest, and Gulf Coast prices decreased one cent to US$ 3.84/gal., US$ 3.72/gal., respectively. The Rocky Mountain price also decreased one cent to US$ 3.87/gal.
US propane stocks increased by 1.4 million bbls last week to 76.1 million bbls as of 29 August 2014, according to the EIA. This is 11.5 million bbls (17.8%) higher than a year ago.
Gulf Coast inventories increased by 0.6 million bbls and Midwest inventories increased by 0.5 million bbls. East Coast inventories and Rocky Mountain/West Coast inventories both increased by 0.2 million bbls.
Propylene non-fuel use inventories represented 4.8% of total propane inventories.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/05092014/gasoline-and-diesel-price-1238/