US gasoline price up less than a penny
Diesel fuel up one cent
The national average diesel fuel price increased one cent to US$ 3.91/gal, 18 cents lower than the same time last year. Prices increased one cent in the East Coast, Gulf Coast and Rocky Mountain regions, to US$ 3.93/gal, US$ 3.83/gal, and US$ 3.93/gal, respectively. In the Midwest and West Coast regions, prices are up 2 cents from last week, at US$ 3.88/gal and US$ 4.07/gal respectively.
The US average retail price of regular gasoline has increased by less than one cent to remain at US$ 3.55/gal as of 26th August, 22 cents lower than the same time last year.
In the Midwest, prices increased by two cents to reach US$ 3.52/gal and by one cent on the Gulf Coast to US$ 3.38/gal, while decreasing in all other regions. The West Coast price is US$ 3.75/gal, down three cents from last week. The Rocky Mountains price is lower by 2 cents at US$ 3.62/gal. The East Coast price is down less than a penny, remaining at US$ 3.55/gal.
Propane inventories increase
Total US inventories of propane increased 0.2 million bbls from last week, ending at 62.1 million bbls. However, they are still 9.6 million bbls (13.4%) lower than the same period a year ago.
Gulf Coast and Rocky Mountains/West Coast inventories each gained by 0.1 million bbls, while East Coast inventories increased slightly. Midwest inventories decreased by 0.1 million bbls. Propylene non-fuel inventories represented 4.5% of total propane inventories.
For more from the EIA’s This Week in Petroleum, released on 28th August, see also ‘West Coast leads recent gasoline price declines’.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/29082013/gasoline_prices_up_less_than_a_penny602/
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