Gasoline and diesel prices fall

Gasoline

According to the US Energy Information Administration (EIA), the US average retail price of regular gasoline decreased three cents to US$ 3.68/gal. as of 5 May 2014, 15 cents higher than the same time last year.

In the Rocky Mountains the price rose by two cents to US$ 3.50/gal. All other regions experienced decreases. The largest decrease occurred in the Midwest, where prices fell seven cents to US$ 3.60/gal. The Gulf Coast price decreased by three cents to US$ 3.47/gal.. The West Coast price decreased two cents from last week, to US$ 4.06/gal., and the East Coast price declined one cent to US$ 3.70/gal.

Diesel

US national average diesel price decreased one cent to US$ 3.96/gal., 12 cents more than the same time last year.

Prices decreased in all regions, with Midwest, East Coast, Gulf Coast, and West Coast prices all falling by one cent to US$ 3.94/gal., US$ 4.06/gal., US$ 3.81/gal., and US$ 4.05/gal. respectively. The Rocky Mountains price decreased less than one cent to remain at US$ 3.98/gal.

Propane

US propane stocks increased by 3.7 million bbls last week to US$ 35.2 million bbls, 5.7 million bbls (14%) lower than last year.

Gulf Coast inventories increased by 2.2 million bbls and Midwest inventories increased by 1.1 million bbls. Meanwhile, Rocky Mountains, West Coast and East Coast inventories all increased by 0.2 million bbls.

Propylene non-fuel use inventories accounted for 9.9% of total propane inventories. 

Adapted from a press release by Emma McAleavey.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/08052014/gasoline_and_diesel_price_493/