Monthly price and volume statistics on crude oil and petroleum products at a national, regional
and state level.
Petroleum & Other Liquids
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Petroleum Marketing Monthly
Data for October 2021 | Release Date: January 3, 2022 | Next Release Date: February 1, 2022 | full report
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Highlights
Figure HL1. Crude oil and petroleum product wholesale prices
figure data
Highlights
Crude oil
- Underpinned by supply concerns, monthly average crude oil prices reached the highest levels seen in seven years during October. The average domestic crude oil first purchase price climbed $9.43 (13.7%) to $78.51 per barrel.
- The average free-on-board (f.o.b.) cost of imported crude oil rose $7.29 (11.0%) to $73.55 per barrel. The average landed cost of foreign crude oil increased $7.19 (10.5%) to $75.44 per barrel.
- The average refiner acquisition cost for domestic crude oil climbed $8.44 (11.7%) to $80.82 per barrel. The average cost of imported crude oil increased $6.82 (9.8%) to $76.08 per barrel. The composite refiner acquisition cost for crude oil rose $7.79 (11.0%) to $78.88 per barrel.
Petroleum products
Motor gasoline
- The monthly average wholesale price for refiner sales of motor gasoline increased 18.5 cents to $2.495 per gallon in October, the highest price since September 2014.
- Refiner sales of finished motor gasoline fell during October. Total refiner motor gasoline sales decreased 7.6 million gallons per day (2.5%) to an average of 301.1 million gallons per day. DTW sales accounted for 6.9% of wholesales, while rack and bulk sales explained 90.4% and 2.7%, respectively.
No. 2 distillate
- Monthly average prices for refiner sales of No. 2 distillates rose firmly in October. The retail sales price for No. 2 diesel fuel rose 23.7 cents to $2.560 per gallon, while the average wholesale price climbed 26.2 cents to $2.502 per gallon. The average retail price for sales of No. 2 fuel oil increased 29.1 cents to $2.678, while the average wholesale price rose 30.6 cents to $2.347 per gallon.
- Refiner sales of No. 2 ultra-low sulfur diesel fuel at the wholesale level saw only modest change in October, decreasing 200,000 gallons per day (0.1%) to 153.4 million gallons per day.
Residual fuel oil
- Reflecting the general upward trend in the market, refiner prices for residual fuel oil moved higher in October. The average retail price for residual fuel oil increased 14.3 cents to $2.093 per gallon, while the average wholesale price rose 20.5 cents to $2.050 per gallon.
- Refiner residual fuel oil sales increased 1.0 million gallons per day (14.9%) to 7.7 million gallons per day in October. Retail sales rose 200,000 gallons per day (11.1%), while wholesale sales increased 800,000 gallons per (16.3%).
Other products
- Refiner prices for sales of propane, kerosene-type jet fuel, kerosene, and No. 1 distillate increased at both the retail and wholesale levels in October. The wholesale price for aviation gasoline also registered an increase in October.
- Refiner sales of the remaining surveyed products varied in October. Sales of propane fell at retail, but increased at wholesale. Kerosene-type jet fuel sales decreased in both sales categories, while sales of kerosene and No. 1 distillate sales show the opposite trend. Wholesale sales of aviation gasoline registered another decrease in October.