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US gasoline and diesel fuel prices decrease, propane inventories higher

Hydrocarbon Engineering,

Gasoline and diesel fuels prices decrease

According to the US Energy Information Administration (EIA), the US average retail price of regular gasoline has decreased seven cents to US$ 3.56/gal, as of 12th August 2013. This is 16 cents lower than the price for the same time last year.

Prices have decreased in all regions bar the Rocky Mountains, where the price has increased by one cent to US$ 3.48/gal.

East and Gulf Coast prices both fell by six cents to US$ 3.57/gal and US$ 3.39/gal respectively. West Coast price declined five cents to US$ 3.84/gal.

Meanwhile, national average diesel price also decreased, one cent overall to US$ 3.90/gal. This is seven cents lower than the same time last year.

Prices decreased in all regions. The largest fall was two cents in the Midwest and the Gulf Coast, to US$ 3.86/gal and US$ 3.82/gal respectively. Price is down one cent on the East and West Coast, to US$ 3.91/gal and US$ 4.05/gal respectively.

The Rocky Mountain price declined less than one cent to remain US$ 3.93/gal.

Propane inventories higher

Total US inventories of propane rose slightly from last week to end at 61.9 million bbls. However, this figure is 7.2 million bbls (10.4%) lower than for the same period a year ago.

Midwest inventories increased by 0.6 million bbls. Rocky Mountain/West Coast inventories increased by 0.1 million bbls. Gulf Coast inventories decreased by approximately 0.6 million bbls. Meanwhile, East Coast stocks remained constant.

Propylene non-fuel use inventories represented 4.9% of total propane inventories.

Adapted from a press release by Emma McAleavey.

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