Release date: April 6, 2016 | Next release date: April 7, 2016
Today’s This Week in Petroleum article will be released on April 7. The accompanying data, figures, retail price paragraphs, and propane inventory paragraph have been updated to the latest available data.
U.S. average retail regular gasoline prices increase, diesel fuel prices mixed
The U.S. average retail regular gasoline price increased two cents from the previous week to $2.08 per gallon on April 4, down 33 cents from the same time last year. The Midwest gasoline price increased three cents to $1.99 per gallon. The Rocky Mountain price rose two cents to $1.97 per gallon. The East Coast, West Coast, and Gulf Coast prices each increased one cent to $2.03 per gallon, $2.58 per gallon, and $1.87 per gallon, respectively.
The U.S. average diesel fuel price decreased less than a cent to remain at $2.12 per gallon, down 67 cents from the same time last year. The Gulf Coast price decreased by two cents to $1.98 per gallon, while the Midwest price fell one cent to $2.07 per gallon. These decreases offset increases in the Rocky Mountain price, up three cents to $2.12 per gallon, and the West Coast price, which remained virtually unchanged at $2.32 per gallon. The East Coast price was unchanged from the previous week, remaining at $2.18 per gallon.
Propane inventories gain
U.S. propane stocks increased by 2.0 million barrels last week to 64.9 million barrels as of April 1, 2016, 6.9 million barrels (11.9%) higher than a year ago. Gulf Coast and Midwest inventories increased by 1.5 million barrels and 0.3 million barrels, respectively, while Rocky Mountain/West Coast and East Coast inventories each increased by 0.1 million barrels. Propylene non-fuel-use inventories represented 5.7% of total propane inventories.
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Retail prices (dollars per gallon)
Retail prices | Change from last | ||
---|---|---|---|
04/04/16 | Week | Year | |
Gasoline | 2.083 | 0.017 | -0.330 |
Diesel | 2.115 | -0.006 | -0.669 |
Futures prices (dollars per gallon*)
Futures prices | Change from last | ||
---|---|---|---|
04/01/16 | Week | Year | |
Crude oil | 36.79 | NA | NA |
Gasoline | 1.402 | NA | NA |
Heating oil | 1.132 | NA | NA |
*Note: Crude oil price in dollars per barrel. | |||
Markets were closed on 3/25/2016 and 4/3/2015. |
Stocks (million barrels)
Stocks | Change from last | ||
---|---|---|---|
04/01/16 | Week | Year | |
Crude oil | 529.9 | -4.9 | 47.5 |
Gasoline | 244.0 | 1.4 | 14.1 |
Distillate | 163.0 | 1.8 | 36.1 |
Propane | 64.858 | 2.033 | 6.899 |