The U.S. average regular gasoline retail price rose one cent from the previous week to $2.41 per gallon on May 29, up 7 cents from the same time last year.
The Rocky Mountain price increased four cents to $2.42 per gallon, the West Coast price increased three cents to $2.96 per gallon, the East Coast price increased over one cent to $2.34 per gallon, and the Gulf Coast price increased less than one cent to $2.16 per gallon. The Midwest price fell over one cent to $2.30 per gallon.
The U.S. average diesel fuel price rose three cents to $2.57 per gallon on May 29, 19 cents higher than a year ago. The Midwest and Gulf Coast prices each increased four cents to $2.51 per gallon and $2.42 per gallon, respectively, while the Rocky Mountain price increased three cents to $2.66 per gallon, the East Coast price increased two cents to $2.61 per gallon, and the West Coast price increased over one cent to $2.84 per gallon.
Propane inventories gain
U.S. propane stocks increased by 3.4 million barrels last week to 47.1 million barrels as of May 26, 2017, 28.2 million barrels (37.5%) lower than a year ago. Gulf Coast, Midwest, East Coast, and Rocky Mountain/West Coast inventories increased by 1.7 million barrels, 1.0 million barrels, 0.5 million barrels, and 0.2 million barrels, respectively. Propylene non-fuel-use inventories represented 6.4% of total propane inventories.