U.S. average regular gasoline and diesel prices fall slightly (12/27/2019)

The U.S. average regular gasoline retail price fell less than 1 cent from the previous week to $2.53 per gallon on December 23, 21 cents higher than the same time last year. The West Coast price declined by nearly 5 cents to $3.23 per gallon, the Rocky Mountain price fell 4 cents to $2.69 per gallon, and the Gulf Coast price fell by more than 1 cent to $2.22 per gallon. The Midwest price rose over 1 cent to $2.40 per gallon, and the East Coast increased by nearly 1 cent, remaining at $2.46 per gallon. ... More »

Midwest propane supplies are tight heading into peak winter demand months (12/18/2019)

Propane inventories in the Midwest totaled 20 million barrels as of December 13, or 4.7 million barrels (19%) below the previous five-year (2014-18) average. Lower-than-average propane inventories were driven by both higher consumption and lower supply. A late and wet corn harvest in the Midwest resulted in increased agricultural propane demand, while supply of propane was lower because of disruptions to rail shipments from Canada. This situation is similar to the events of winter 2013-14 when extremely tight propane supplies in the Midwest led to record-level spot and retail prices. ... More »

With pipeline development, U.S. crude oil pipeline fill has increased by more than 60% since 2011 (12/11/2019)

Crude oil held in pipelines (pipeline fill) in the United States grew from 75 million barrels in March 2011, the earliest data available, to nearly 124 million barrels in September 2019, a 64% increase, according to the U.S. Energy Information Administration’s (EIA) Working and Net Available Shell Storage Capacity report (Figure 1). The increase is due to the significant expansion of the U.S. crude oil pipeline system over that period. Almost 97% of the 48 million barrel increase in crude oil pipeline fill, which includes some volumes of crude oil in transit via water and rail, occurred in the Gulf Coast (Petroleum Administration for Defense District, or PADD, 3) and the Midwest (PADD 2). ... More »

September was the first month the United States recorded exporting more petroleum than it imported (12/4/2019)

In September 2019, the United States exported 89,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than it imported, the first month this happened since monthly records began in 1973. ... More »