The U.S. average price for regular gasoline as of August 11, 2014 was $3.51 per gallon, down one cent from the week prior, and six cents less than the same time last year. The Midwest price increased by four cents to $3.45 per gallon, while the Rocky Mountain average rose one cent to $3.65 per gallon. The East Coast and Gulf Coast prices both decreased four cents, to $3.47 and $3.27 per gallon, respectively. The West Coast price decreased two cents to $3.87 per gallon.
U.S. propane stocks increased by 1.8 million barrels last week to 70.3 million barrels as of August 8, 2014, 8.4 million barrels (13.7%) higher than a year ago. Gulf Coast inventories increased by 1.3 million barrels and Midwest inventories increased by 0.5 million barrels. Rocky Mountain/West Coast inventories increased by 0.1 million barrels while East Coast inventories decreased by 0.1 million barrels. Propylene non-fuel-use inventories represented 5.9% of total propane inventories.