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US gasoline and diesel price movements: Week ending 27 October 2014

Hydrocarbon Engineering,


Gasoline

According to the US Energy Information Administration (EIA), the US average price for regular gasoline fell six cents in the past week to US$ 3.06/gal. as of 27 October, 24 cents lower than the same time last year and the lowest price since 27 December 2010.

The West Coast price decreased 10 cents to US$ 3.32/gal., followed by the East Coast, which fell nine cents to US$ 3.05/gal. The Gulf Coast was down eight cents to US$ 2.83/gal., and the Rocky Mountains price decreased five cents to US$ 3.20/gal. Meanwhile, the Midwest price fell one cent to US$ 3.02/gal.

Diesel

The US average diesel fuel price fell two cents from last week to US$ 3.64/gal., 24 cents lower than the same time last year.

The West Coast and East Coast prices each fell four cents, to US$ 3.80/gal. and US$ 3.63/gal., respectively. The Gulf Coast price fell three cents to US$ 3.56/gal., while the Rocky Mountain price declined two cents to US$ 3.71/gal. The Midwest price increased half a cent to US$ 3.61/gal.

Propane

US propane stocks decreased by 1.3 million bbls last week to 80.3 million bbls as of 24 October 2014. This is 15.5 million bbls higher than a year ago.

Gulf Coast inventories decreased by 0.7 million bbls and Midwest inventories decreased by 0.5 million bbls. East Coast inventories decreased by 0.2 million bbls, while Rocky Mountains/West Coast inventories remained unchanged.

Propylene non-fuel use inventories represented 2.7% of total propane inventories.

Residential heating oil

According to the EIA, as of 27 October, residential heating oil prices averaged US$ 3.45/gal., almost three cents lower than last week, and nearly 37 cents lower than last year’s price for the same week. Wholesale heating oil prices averaged over US$ 2.61/gal., more than 3 cents/gal. lower than last week and 40 cents lower compared to the same time last year.

Residential propane prices increased by one cent last week to just under US$ 2.40/gal., almost one cent less than the same time last year. Wholesale propane prices averaged nearly US$ 1.04/gal., approximately 4 cents lower than last week’s price and 27 cents lower than the 28 October 2013 price.


Adapted from a press release by Emma McAleavey.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/31102014/us-gasoline-diesel-price-movements-1544/


 

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