U.S. Energy Information Administration (EIA) released data today relating to Fuel prices. Gasoline and highway diesel were both on the uptick over the previous week despite down-trending Crude, and LP storage swelled.
Average retail price for regular gasoline was up $0.03 last week to $3.88/gallon, $0.28 higher than the same period last year. Big increases came in the Rocky Mountain Region where average prices rose $0.07 to $3.77/gallon. East Coast gasoline up $0.05 to $3.88; Midwest gasoline increased by $0.03 to $3.89/gallon; Gulf Coast up a penny to $3.66/gallon.
West Coast gas softened a penny but remained the highest priced gasoline in the U.S. at $4.07/gallon.
National average diesel prices were up last week by only three-tenths of a cent to $4.14/gallon, up $.30 over the same time last year. As with gasoline, increases came in the Rocky Mountain Region where highway diesel climbed a penny to $4.26/gallon. East Coast diesel also up a penny to $4.13; Midwest diesel flat for the week at $4.08/gallon.
The West Coast Region saw the only declines in diesel last week dropping two cents to $4.40/gallon.
A late-season propane buildup added 1.3 million barrels to end the week up 34% over last year at 74.0 million barrels. The Midwest and Gulf Regions shared the largest gains. Midwest propane stocks up 0.6 million barrels, Gulf Coast up 0.5 million barrels.
East Coast, Rocky Mountain and West Coast Regions each added a modest 0.1 million barrels to total supply. Propylene non-fuel-use inventories at 6.4% of total propane supply.