The U.S. average diesel fuel price increased less than one cent to $2.58 per gallon on February 27, 59 cents higher than a year ago. The Rocky Mountain price increased three cents to $2.58 per gallon, the East Coast price increased one cent to $2.64 per gallon, and the Midwest price increased less than one cent, remaining at $2.50 per gallon. The West Coast and Gulf Coast prices remained virtually unchanged at $2.88 per gallon and $2.43 per gallon, respectively.
The U.S. average regular gasoline retail price increased one cent from the previous week to $2.31 per gallon on February 27, up 53 cents from the same time last year. The West Coast price increased five cents to $2.80 per gallon, while the Rocky Mountain and Midwest prices each increased two cents to $2.27 per gallon and $2.21 per gallon, respectively. The Gulf Coast price remained unchanged at $2.07 per gallon, and the East Coast price fell less than one cent, remaining at $2.29 per gallon.
U.S. propane stocks decreased by 0.5 million barrels last week to 49.3 million barrels as of February 24, 2017, 13.8 million barrels (21.8%) lower than a year ago. Gulf Coast and Midwest inventories each decreased by 0.4 million barrels, while East Coast inventories increased by 0.2 million barrels. Rocky Mountain/West Coast inventories remained virtually unchanged. Propylene non-fuel-use inventories represented 5.1% of total propane inventories.
As of February 27, 2017, residential heating oil prices averaged nearly $2.65 per gallon, less than one cent per gallon more than last week’s price and 56 cents per gallon higher than last year’s price at this time. The average wholesale heating oil price is just under $1.74 per gallon, nearly two cents per gallon more than last week and almost 61 cents per gallon higher than a year ago.
Residential propane prices averaged just below $2.42 per gallon, three cents per gallon less than last week’s price but just over 39 cents per gallon higher than a year ago. Wholesale propane prices averaged just below $0.74 per gallon, nearly nine cents per gallon lower than last week but just under 23 cents per gallon higher than last year’s price.
