The U.S. average regular gasoline retail price rose less than 1 cent from the previous week, remaining at $2.38 per gallon on August 14, up 24 cents from the same time last year. The Rocky Mountain price rose four cents to $2.43 per gallon, the West Coast price increased over two cents to $2.87 per gallon, and the Midwest price increased almost two cents to $2.30 per gallon. The East Coast price fell nearly one cent to $2.33 per gallon, while the Gulf Coast price also fell nearly one cent but remained at $2.15 per gallon.
The U.S. average diesel fuel price rose 2 cents to $2.60 per gallon on August 14, 29 cents higher than a year ago. The West Coast, Rocky Mountain, and Midwest prices all increased nearly three cents to $2.88 per gallon, $2.70 per gallon, and $2.57 per gallon, respectively, while the East Coast price increased one cent to $2.62 per gallon. The Gulf Coast price remained unchanged at $2.41 per gallon.
Propane inventories gain
U.S. propane stocks increased by 1.6 million barrels last week to 69.2 million barrels as of August 11, 2017, 24.5 million barrels (26.1%) lower than a year ago. Gulf Coast and Midwest inventories increased by 1.3 million barrels and 0.4 million barrels, respectively, while Rocky Mountain/West Coast inventories decreased by 0.1 million barrels. East Coast inventories were virtually unchanged. Propylene non-fuel-use inventories represented 4.0% of total propane inventories.
Weekly fuel ethanol production
Starting with today’s report, the U.S. Energy Information Administration (EIA) will publish fuel ethanol production statistics for all U.S. regions each week, making the weekly publication of that data consistent with EIA’s statistics published in the Petroleum Supply Monthly (PSM).