Average US regular gasoline prices increased two cents from last week to US$ 3.60/gal. on 7th April 2014, a cent less than a year.
The Gulf Coast experienced the largest price increase, rising five cents to US$ 3.39/gal. The West Coast price increased three cents to US$ 3.88/gal. and the East Coast price increased by two cents to US$ 3.58/gal. The Midwest price decreased by half a cent, but remained at US$ 3.45/gal.
Average US diesel fuel price decreased to US$ 3.96/gal. This is down two cents from last week and from the same time last year. Each Coast, Rocky Mountains and Midwest prices all fell by two cents to US$ 4.08/gal., US$ 3.96/gal., and US$ 3.94/gal respectively. Gulf Coast and West Coast prices each decreased by one cent, to US$ 3.79/gal. and US$ 3.98/gal. respectively.
US propane stocks increased by 1.0 million bbls last week to 27.6 million bbls as of 4th April 2014, 12.4 million bbls (31.1%) lower than a year ago. Gulf Coast inventories rose by 0.6 million bbls. Meanwhile, Midwest and East Coast inventories both increased by 0.2 million bbls. Rocky Mountains and West Coast prices remained unchanged.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/10042014/gasoline_and_diesel_prices_359/