The US average retail price of regular gasoline decreased two cents to US$ 3.45/gal. as of 25 August 2014, ten cents lower than the same time last year.
The East Coast and Gulf Coast prices both decreased three cents to US$ 3.40/gal. and US$ 3.24/gal., respectively. The West Coast prices fell two cents to US$ 3.83/gal. The Rocky Mountain price decreased one cent to US$ 3.65/gal. The Midwest price gained less than a cent to remain at US$ 3.40/gal.
The national average diesel fuel price decreased by one cent to US$ 3.82/gal., nine cents lower than year ago figures.
The East Coast price decreased two cents to US$ 3.86/gal., as did the Midwest price, which moved lower to US$ 3.76/gal. The Gulf Coast and the West Coast prices both fell once cent to US$ 3.73/gal. and US$ 4.01/gal, respectively. The Rocky Mountain price gained less than a cent to US$ 3.88/gal.
According to the US Energy Information Administration (EIA), US propane stocks increased by 1.9 million bbls last week, to 74.7 million bbls as of 22 August 2014. This is 12.6 million bbls (20.4%) higher than a year ago.
Gulf Coast inventories increased by 1.0 million bbls and Midwest inventories increased by 0.6 million bbls. East Coast inventories and Rocky Mountain/West Coast inventories both increased by 0.1 million bbls.
Propylene non-fuel use accounted for 5.0% of total propane inventories.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/28082014/us-gasoline-and-diesel-price-1194/