The U.S. average diesel fuel price rose one cent to $2.49 per gallon on December 5, 16 cents higher than a year ago. The East Coast and Midwest prices each rose two cents to $2.52 per gallon and $2.45 per gallon, respectively, while the Gulf Coast price rose a penny to $2.37 per gallon. The West Coast price increased slightly, remaining virtually unchanged at $2.77 per gallon. The Rocky Mountain price dipped one cent to $2.45 per gallon.
The U.S. average regular gasoline retail price rose three cents from the previous week to $2.24 per gallon on December 12, up 20 cents from the same time last year. The Midwest price rose six cents to $2.16 per gallon, while the East Coast and Gulf Coast prices each rose three cents to $2.26 per gallon and $2.01 per gallon, respectively. The Rocky Mountain price rose modestly, remaining virtually unchanged at $2.12 per gallon. The West Coast price fell two cents to $2.56 per gallon.
U.S. propane stocks decreased by 3.6 million barrels last week to 95.6 million barrels as of December 9, 2016, 3.4 million barrels (3.4%) lower than a year ago. Gulf Coast, Midwest, East Coast, and Rocky Mountain/West Coast inventories decreased by 2.7 million barrels, 0.7 million barrels, 0.2 million barrels, and 0.1 million barrels, respectively. Propylene non-fuel-use inventories represented 4.9% of total propane inventories.
As of December 12, 2016, residential heating oil prices averaged $2.53 per gallon, four cents per gallon more than last week and nearly 28 cents per gallon higher than last year at this time. The average wholesale heating oil price is just under $1.72 per gallon, down less than one cent per gallon from last week but 54 cents per gallon higher than a year ago.
Residential propane prices averaged nearly $2.16 per gallon, four cents per gallon more than last week and almost 18 cents per gallon higher than a year ago. Wholesale propane prices averaged just under $0.75 per gallon, nearly four cents per gallon more than last week and just below 29 cents per gallon higher than last year’s price.