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US gasoline and diesel price rises

Hydrocarbon Engineering,

Gasoline price rises

The US average prices for regular gasoline increased three cents to US$ 3.68/gal. as of 21 April 2014. This is 15 cents more than the same time last year and the highest average since 18 March.

East Coast and West Coast prices both increased by five cents, reaching US$ 3.66/gal. and US$ 4.03/gal. respectively. Meanwhile, prices on the Gulf Coast increased two cents to US$ 3.49/gal. Rocky Mountains and Midwest prices both rose a cent, to US$ 3.45/gal. and US$ 3.64/gal. respectively.

It is anticipated that gasoline prices will continue to rise into May and then begin to ease as refinery runs peak.

Diesel prices increase

US average diesel fuel price rose two cents to US$ 3.97/gal., eight cents higher than the same time last year.

The West Coast price rose five cents to US$ 4.03/gal. Meanwhile, the Rocky Mountains and Gulf Coast prices both increased three cents, to US$ 3.98/gal. and US$ 3.82/gal. respectively. Midwest prices increased by one cent to US$ 3.95/gal. Prices on the East Coast increased by less than one cent, remaining at US$ 4.70/gal.

Propane inventories gain

US propane stocks rose by 1.2 million bbls last week to 29.5 million bbls as of 18 April 2014. This is 9.4 million bbls (24.2%) lower than a year ago. Midwest inventories increased by 0.9 million bbls. East Coast, Gulf Coast and Rocky Mountain/West Coast inventories each increased by 0.1 million bbls respectively.

Propylene non-fuel use represented 10.5% of total propane inventories.

Adapted from a press release by Emma McAleavey.

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