This Week In Petroleum

The U.S. average regular gasoline retail price decreased less than 1 cent, remaining virtually unchanged at $3.40 per gallon on November 22, $1.29 higher than a year ago.

U.S. average regular gasoline and diesel prices decrease

The U.S. average regular gasoline retail price decreased less than 1 cent, remaining virtually unchanged at $3.40 per gallon on November 22, $1.29 higher than a year ago. The Gulf Coast price decreased more than 4 cents to $3.03 per gallon, the Midwest price decreased 2 cents to $3.20 per gallon, and the Rocky Mountain price decreased nearly 2 cents to $3.52 per gallon. The West Coast price increased more than 2 cents to $4.19 per gallon, and the East Coast price increased more than 1 cent to $3.35 per gallon.

The U.S. average diesel fuel price decreased 1 cent to $3.72 per gallon on November 22, $1.26 higher than a year ago. The East Coast and Gulf Coast prices each decreased nearly 2 cents to $3.69 per gallon and $3.46 per gallon, respectively, the Midwest price decreased more than 1 cent to $3.62 per gallon, and the West Coast price decreased less than 1 cent, remaining virtually unchanged at $4.42 per gallon. The Rocky Mountain price increased less than 1 cent, remaining virtually unchanged at $3.84 per gallon.

Propane/propylene inventories decline


U.S. propane/propylene stocks decreased by 1.0 million barrels last week to 73.6 million barrels as of November 19, 2021, 11.4 million barrels (13.4%) less than the five-year (2016-2020) average inventory levels for this same time of year. Gulf Coast inventories decreased by 0.7 million barrels, Rocky Mountain/West Coast inventories decreased by 0.3 million barrels, and Midwest inventories decreased slightly, remaining virtually unchanged. East Coast inventories increased by 0.1 million barrels.

Residential fuel prices decrease

As of November 22, 2021, residential heating oil prices averaged nearly $3.39 per gallon, 2 cents per gallon below last week’s price but almost $1.19 per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged more than $2.43 per gallon, nearly 10 cents per gallon below last week’s price but more than $1.04 per gallon above last year’s price.

Residential propane prices averaged more than $2.72 per gallon, almost 1 cent per gallon below last week’s price but nearly 87 cents per gallon above last year’s price. Wholesale propane prices averaged almost $1.28 per gallon, more than 17 cents per gallon below last week’s price but nearly 63 cents per gallon above last year’s price.