The US average retail price for gasoline increased by less than a cent this week, remaining at US$ 3.67/gal. as of 27 May 2014, three cents more than the same time last year. Midwest prices increased by four cents to US$ 3.65/gal., while the West Coast fell by cent. Prices in the East Coast, Gulf Coast and Rocky Mountains fell by less than a cent to US$ 3.66, US$ 3.44, and US$ 3.50/gal. respectively.
The US average diesel fuel price fell by less than a penny to remain at US$ 3.93/gal. This is five cents more than the same time last year. The West Coast price rose by less than a cent, remaining at US$ 4.03/gal. Meanwhile, the Midwest price fell by two cents to US$ 3.88/gal. The Gulf Coast, East Coast, and Rocky Mountain regions all fell by less than one cent, to US$ 3.78, US$ 4.02, and US$ 3.95/gal. respectively.
US propane stocks rose by 2.2 million bbls last week to 42.1 million bbls as of 23 May 2014. This is 3 million bbls (6.8%) lower than a year ago. Midwest inventories increased by 1.3 million bbls and Gulf Coast inventories increased by 0.6 million bbls. Rocky Mountains/West Coast inventories rose by 0.2 million bbls and East Coast inventories increased by 0.1 million bbls.
Propylene non-fuel use inventories accounted for 9.4% of total propane inventories.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/30052014/eia_diesel_gasoline_prices_626/