The U.S. average diesel fuel price fell over nearly two cents to $2.57 per gallon on May 8, 29 cents higher than a year ago. The Gulf Coast price fell three cents to $2.41 per gallon, the Rocky Mountain and Midwest prices each fell two cents to $2.65 per gallon and $2.50 per gallon, respectively, the West Coast price fell nearly two cents to $2.85 per gallon, and the East Coast price fell one cent to $2.61 per gallon.
The U.S. average regular gasoline retail price fell four cents from the previous week to $2.37 per gallon on May 8, up 15 cents from the same time last year. The Midwest price fell six cents to $2.23 per gallon, the East Coast price fell four cents to $2.35 per gallon, the Gulf Coast price fell three cents to $2.17 per gallon, the West Coast price fell two cents to $2.86 per gallon, and the Rocky Mountain price fell one cent to $2.39 per gallon.
U.S. propane stocks increased by 2.0 million barrels last week to 41.6 million barrels as of May 5, 2017, 31.5 million barrels (43.1%) lower than a year ago. Midwest, Gulf Coast, and East Coast inventories increased by 0.9 million barrels, 0.6 million barrels, and 0.4 million barrels, respectively, while Rocky Mountain/West Coast inventories rose slightly, remaining essentially unchanged. Propylene non-fuel-use inventories represented 7.6% of total propane inventories.