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 August 2020 | Release Date: November 2, 2020 | Next Release Date: December 3, 2020 | full report
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Highlights
Figure HL1. Crude oil and petroleum product wholesale prices
figure data
Highlights
Crude oil
- August monthly average crude oil prices rose from July levels in all sales categories. The average domestic crude oil first purchase price increased $1.86 (5.0%) to $39.41 per barrel.
- The average free-on-board (f.o.b.) cost of imported crude oil rose $1.07 (3.0%) to $36.29 per barrel. The average landed cost of foreign crude oil increased $1.56 (4.0%) to $40.24 per barrel.
- The average refiner acquisition cost for domestic crude oil climbed $2.26 (5.6%) to $42.81 per barrel. The average cost of imported crude oil rose $2.21 (5.6%) to $41.54 per barrel. The composite refiner acquisition cost for crude oil increased $2.27 (5.7%) to $42.35 per barrel.
Petroleum products
Motor gasoline
- Refiner monthly average prices for motor gasoline sales show marginal changes in August. The average retail price rose 0.8 cents to $1.814 per gallon, while the average wholesale price increased 0.9 cents to $1.389 per gallon.
- Sales of finished motor gasoline by refiners rose in August. Total sales increased 2.8 million gallons per day (0.9%) to an average of 297.8 million gallons per day. Retail sales were flat, while wholesales accounted for the 2.8-million gallon increase (1.0%) seen in overall sales. DTW sales made up 6.7% of wholesales, while rack and bulk sales accounted for 90.5% and 2.7%, respectively.
No. 2 distillate
- Refiner prices for No. 2 distillates sales were on the rise during August. The average price for No. 2 diesel fuel sold to end users increased 2.5 cents to $1.456 per gallon, while the average wholesale price rose 2.2 cents to $1.276 cents per gallon. The average retail price for No. 2 fuel oil sales climbed 7.0 cents to $1.464 per gallon, while the average wholesale price increased 2.7 cents to $1.179 per gallon.
- Refiner sales of No. 2 ultra-low sulfur diesel fuel rose to 151.7 million gallons per day in August. Retail sales fell 100,000 gallons per day (1.1%), while wholesales increased 600,000 gallons per day (0.4%).
Residual fuel oil
- August prices for refiner residual fuel oil sales show mixed trends. The average retail price for residual fuel oil rose 15.3 cents to $1.224 per gallon, while the average wholesale price fell 0.2 cent to $1.135 per gallon.
- Refiner residual fuel oil sales dropped 300,000 gallons per day (4.7%) to 6.1 million gallons per day in August. Retail sales fell 300,000 gallons per day (15.0%), while wholesales were flat.
Other products
- Trends in refiner prices for the remaining surveyed products varied in August. Propane, kerosene, kerosene-type jet fuel prices rose at both retail and wholesale. Aviation gasoline prices increased at the retail level, but fell at wholesale. The price for No. 1 distillate remained unchanged at the wholesale level.
- Refiner sales for products in this category show mixed trends in August. Sales of propane, kerosene, and kerosene-type jet fuel increased at the retail level, but fell at the wholesale. Aviation gasoline sales rose in both sales categories, while No. 1 distillate sales increased at the wholesale level.