Heating Oil --
Residential heating oil prices were unchanged at $3.973 during the week ended January 11, 2013. The average residential heating oil price climbed 0.021 cents above year-ago pricing. Wholesale heating oil prices increased slightly -- 0.001 cents per gallon higher to $3.143 per gallon, 0.024 cents per gallon above last year at this time.
Distillate stocks increased by 1.7 million barrels to 132.4 million barrels -- still 15.6 million barrels below year-earlier levels, but steadily creeping up through the low end of the five-year range.
The average residential propane price increased by 0.002 cents last week to $2.434 per gallon, 43 cents per gallon lower than the same period last year. Wholesale propane prices decreased 0.028 cents to $0.894 per gallon -- 0.311 cents per gallon lower than year-earlier.
Propane stocks fell by 1.616 million barrels to register a week-to-week decline to 63.956 million barrels -- that's still 10.732 million barrels above year-ago, and remains well above the five-year average.
Temperatures during the report week were 4.0 degrees warmer than the 30-year normal temperature and 4.4 degrees cooler than the same period last year. Temperatures in the Lower 48 states averaged 37.1 degrees, compared to 41.6 degrees last year and the 30-year normal of 33.1 degrees. While overall temperatures were a few degrees warmer than normal, temperatures varied somewhat across Census divisions.
In the Midwest, the West North Central and East North Central Census divisions were particularly warm, averaging 8.7 and 7.0 degrees warmer, respectively, than the 30-year normal. In the West, the Pacific and Mountain Census divisions were relatively cool, averaging 1.1 and 0.9 degrees cooler, respectively, than the 30-year normal.
Heating degree-days nationwide were 12.4 percent below normal and 19.4 percent above last year.
Photo credit: Eduardo Amorim / Foter.com / CC BY-NC-SA