The average US price for a regular gasoline was US$ 3.30/gal. as of 6 October 2014, down six cents from the previous week, and seven cents lower than the same time last year.
Prices in all regions declined, led by a 10 cent decrease in Midwest price to US$ 3.20/gal. The Rocky mountain and Gulf Coast regions followed, down six and five cents respectively, to US$ 3.43/gal. and US$ 3.11/gal. The West Coast price was down four cents to US$ 3.61/gal., while the East Coast was down three cents to US$ 3.31/gal.
US diesel fuel prices decreased two cents this week to US$ 3.73/gal., down 16 cents from the same time last year.
The largest price declines occurred in the East Coast, Midwest, and Gulf Coast regions, each decreased more than two cents, to US$ 3.76/gal., US$ 3.67/gal., and US$ 3.66/gal., respectively. The Rocky Mountain and West Coast prices declines by almost two cents, to US$ 3.79/gal. and US$ 3.93/gal., respectively.
US propane stocks increased by 1.1 million bbls last week to 80.6 million bbls as of 3 October 2014, 14.2 million bbls (21.3%) higher than a year ago.
Gulf Coast inventories increased by 0.8 million bbls and Rocky Mountain/West Coast inventories increased by 0.2 million bbls. East Coast inventories increased by 0.1 million bbls, while Midwest inventories remained unchanged.
Propylene non-fuel use inventories accounted for 3.3% of total propane inventories.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09102014/us-gasoline-and-diesel-prices-1382/