2015 EIA Energy Conference

Due to the EIA conference this week, there is no feature article for This Week in Petroleum today. The conference presentations are now available.

U.S. average retail gasoline prices increase, diesel fuel prices decrease

The U.S. average retail price of regular gasoline increased six cents from last week to $2.84 per gallon as of June 15, 2015, down 85 cents from the same time last year. Only the West Coast price decreased, falling four cents to $3.33 per gallon. The Midwest price increased 12 cents to $2.79 per gallon. The Gulf Coast price rose six cents per gallon to $2.59 per gallon, followed by the East Coast price, which increased five cents to $2.74 per gallon. The Rocky Mountain price was up three cents to $2.79 per gallon. The U.S. average diesel fuel price decreased one cent from the prior week to $2.87 per gallon, $1.01 per gallon lower than the same time last year. The West Coast, Midwest, and Rocky Mountain prices each decreased two cents, to $3.10 per gallon, $2.75 per gallon, and $2.81 per gallon, respectively. The East Coast price was down a penny to $2.97 per gallon, as was the Gulf Coast price, which decreased to $2.78 per gallon.

Propane inventories gain

U.S. propane stocks increased by 1.9 million barrels last week to 80.7 million barrels as of June 12, 2015, 29.4 million barrels (57.4%) higher than a year ago. Gulf Coast inventories increased by 1.0 million barrels and Midwest inventories increased by 0.9 million barrels. East Coast inventories decreased by 0.1 million barrels while Rocky Mountain/West Coast inventories remained unchanged. Propylene non-fuel-use inventories represented 6.7% of total propane inventories.