The U.S. average retail price of regular gasoline increased three cents to $3.22 per gallon as of November 18, 2013, according to This Week in Petroleum, published by the Energy Information Administration (EIA). That price is 21 cents lower than last year at this time.
Prices fell four cents in the Rocky Mountains and the West Coast, to $3.18 per gallon and $3.47 per gallon, respectively, but increased in all other regions. The largest increase came in the Midwest, where the price was up five cents to $3.13 per gallon. On the East Coast the price was $3.28 per gallon, a gain of four cents from last week, and the Gulf Coast price rose three cents to $3.00 per gallon.
The national average diesel fuel price fell one cent to $3.82 per gallon, 15 cents lower than last year at this time, and the lowest price since July 1, 2013. Prices fell in all regions of the nation except the Rocky Mountains, where the price was unchanged from last week at $3.84 per gallon. The West Coast price was two cents lower at $3.95 per gallon, and the East and Gulf Coast prices decreased one cent, to $3.84 per gallon and $3.75 per gallon, respectively. The Midwest price was down less than a penny to $3.79 per gallon.
U.S. propane stocks fell by 2.4 million barrels to end at 58.4 million barrels last week, 14.3 million barrels (19.7%) lower than a year ago. Gulf Coast regional inventories dropped by 1.8 million barrels. Both Midwest and East Coast inventories decreased by 0.3 million barrels, while Rocky Mountain/West Coast region were unchanged from previous week. Propylene non-fuel-use inventories represented 5.2% of total propane inventories.
Residential heating oil prices increased by nearly a cent per gallon last week during the period ending November 18, 2013, to $3.82 per gallon. This is nearly 18 cents per gallon lower than the price at the same time last year. Wholesale heating oil prices increased by 5 cents per gallon to $3.04 per gallon.
The average residential propane price increased by 2 cents per gallon last week to $2.50 per gallon, almost 27 cents per gallon higher than the same period last year. Wholesale propane prices increased by 3 cents per gallon to $1.41 per gallon as of November 18, 2013.
