According to the US Energy Information Administration (EIA), the US average price for regular gasoline was US$ 3.52/gal. as of 4 August 2014, down 2 cents from the previous week and 12 cents lower than the same time last year.
Prices decreased in all regions bar the Midwest, where prices increased one cent to US$ 3.42/gal. The East Coast and Gulf Coast had the largest decreased, falling four cents to US$ 3.50/gal. and US$ 3.31/gal., respectively. The West Coast followed, down three cents to US$ 3.89/gal. The Rocky Mountain price decreased less than one cent, to US$ 3.64/gal.
The US diesel fuel price decreased by half a cent to US$ 3.85/gal., down six cents from the same time last year.
Diesel prices fell in all regions, with Gulf Coast and Rocky Mountains prices both down one cent, to US$ 3.75/gal. and US$ 3.88/gal. respectively. The East Coast, Midwest and West Coast prices all decreased less than a cent, remaining at US$ 3.80/gal. and US$ 4.02/gal. respectively.
US propane stocks increased by 1.3 million bbls last week to 68.5 million blls as of 1 August 2014. This is 6.7 million bbls (10.8%) higher than last year.
Gulf Coast inventories increased by 1.0 million bbls and Midwest inventories increased by 0.5 million bbls. East Coast inventories decreased by 0.2 million bbls while Rocky Mountain/West Coast inventories remained unchanged.
Propylene non-fuel use inventories represented 6.1% of total propane inventories.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/07082014/gasoline-diesel-inventories-1089/