Monthly price and volume statistics on crude oil and petroleum products at a national, regional
and state level.
Petroleum & Other Liquids
‹ All Petroleum and Other Liquids Reports
Petroleum Marketing Monthly
Data for November 2019 | Release Date: February 3, 2020 | Next Release Date: March 2, 2020 | full report
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Highlights
Figure HL1. Crude oil and petroleum product wholesale prices
figure data
Highlights
Crude oil
- Monthly average crude oil prices were on the rise in November. The average domestic crude oil first purchase price rose $1.82 (3.4%) to $54.96 per barrel.
- The average free-on-board (f.o.b.) cost of imported crude oil increased 63 cents (1.3%) to $50.52 per barrel. The average landed cost of foreign crude oil rose 1 cent (0.0%) to $53.23 per barrel.
- · The average refiner acquisition cost for domestic crude oil climbed $2.72 (4.8%) to $59.41 per barrel. The average cost of imported crude oil rose 80 cents (1.5%) to $55.25 per barrel. The composite refiner acquisition cost for crude oil increased $2.01 (3.6%) to $57.87 per barrel.
Petroleum products
Motor gasoline
- Monthly average prices for motor gasoline sales by refiners declined in November. The average retail price dropped 6.0 cents to $2.229 per gallon, while the average wholesale price fell 5.1 cents to $1.820 per gallon.
- Sales of finished motor gasoline by refiners show decreases in November. Total sales fell 6.1 million gallons per day (1.9%) to an average of 323.2 million gallons per day. Retail sales declined 100,000 gallons per day (0.4%), while wholesales fell 6.0 million gallons per day (2.0%). DTW sales accounted for 7.0% of wholesales, while rack and bulk sales made up 88.6% and 4.4%, respectively.
No. 2 distillate
- Prices for refiner No. 2 distillates sales show decreases for the most part in November. The average price for No. 2 diesel fuel sold to end users decreased 0.8 cent to $2.126 per gallon, while the average wholesale price fell 1.0 cents to $1.974 per gallon. The average retail price for No. 2 fuel oil sales increased 14.7 cents to $2.321 per gallon, while the average wholesale price declined 4.2 cents to $1.884 per gallon.
- Refiner sales of No. 2 ultra-low sulfur diesel fuel decreased 2.4 million gallons per day (1.3%) to 175.6 million gallons per day in November. Retail sales fell 400,000 gallons per day (3.7%), while wholesales dropped 2.0 million gallons per day (1.2%).
Residual fuel oil
- Prices for refiner sales of residual fuel oil rose for the most part in November. The average retail price for residual fuel oil increased 2.7 cents to $1.570 per gallon, while the average wholesale price climbed 8.7 cents to $1.350 per gallon.
- Refiner residual fuel oil sales decreased to 9.7 million gallons per day. Retail sales fell 200,000 gallons per day (7.1%), while wholesales declined 600,000 gallons per day (7.8%).
Other products
- Monthly average prices for refiner sales of remaining surveyed products show mixed trends. Prices for propane and No. 1 distillate rose in both the retail and wholesale categories, while kerosene-type jet fuel prices rose at retail, but fell at wholesale. Prices for aviation gasoline declined at the wholesale level, while the price for kerosene increased in the same category.
- Seasonal trends are seen in refiner sales data for other finished products during November. Sales of kerosene-type jet fuel were flat at retail and declined at wholesale. No. 1 distillate and propane sales increased in both the retail and wholesale categories. Aviation gasoline sales fell at the wholesale level, while kerosene sales increased in the same category.