US gasoline and diesel price movements: Week ending 22 September

Gasoline

The US average price for regular gasoline as of 22 September 2014 was US$ 3.35/gal., down six cents from the previous week, and 14 cents lower than the same time last year.

Prices in all regions of the country declined, with the largest drop occurring in the Midwest, where prices fell 8 cents to US$ 3.28/gal. The West Coast price dropped six cents to US$ 3.68/gal., while the Rocky Mountains and Gulf Coast prices each fell five cents, to US$ 3.54/gal. and US$ 3.13/gal., respectively. The East Coast price decreased three cents, to US$ 3.34/gal.

Diesel

The US average diesel fuel price decreased two cents this week to US$ 3.78/gal., 17 cents lower than the same time last year, and the lowest in over two years since 16 July 2012.

The Midwest and West Coast prices both declined three cents, to US$ 3.71/gal and US$ 3.99/gal., respectively. The Rocky Mountains and East Coast prices fell two cents, to US$ 3.84/gal. and US$ 3.80/gal., respectively. The Gulf Coast price decreased by a penny to US$ 3.70/gal.

Propane

US propane stocks increased by 1.7 million bbls last week to 79.1 million bbls as of 19 September, 2014, 13.7 million bbls (20.9%) higher than a year ago.

Gulf Coast inventories increased by 0.9 million bbls and Midwest inventories increased by 0.6 million bbls. Rocky Mountain/West Coast inventories and East Coast inventories both increased 0.1 million bbls.

Propylene non-fuel use represented 3.9% of total propane inventories.

Adapted from a press release by Emma McAleavey.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/26092014/gasoline-and-diesel-price-1310/