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 July 2018 | Release Date: October 1, 2018 | Next Release Date: November 1, 2018 | full report
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Highlights
Figure HL1. Crude oil and petroleum product wholesale prices
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Highlights
Crude oil
- July monthly average crude oil prices show mixed changes. The average domestic crude oil first purchase price rose $4.20 (6.7%), to $67.00 per barrel.
- The average free-on-board (f.o.b.) cost of imported crude oil dropped 29 cents (0.5%) to $62.51 per barrel, while the average landed cost of foreign crude oil fell 26 cents (0.4%), to $65.05 per barrel.
- The average refiner acquisition cost for domestic crude oil increased $3.76 (5.4%), to $73.31 per barrel. The average cost of imported crude oil declined 8 cents (0.1%), to $66.77 per barrel. The composite refiner acquisition cost for crude oil climbed $1.97 (2.9%), to $70.28 per barrel.
Petroleum products
Motor gasoline
- The direction of prices for refiner sales of motor gasoline varied in July. The average retail price fell 2.8 cents to $2.441 per gallon, while the average wholesale price increased 1.3 cents to $2.148 per gallon.
- Sales of finished motor gasoline by refiners declined in July. Total sales dropped 7.7 million gallons per day (2.2%) to an average of 336.5 million gallons per day. Retail sales fell 300,000 gallons per day (1.2%), while wholesales decreased 7.4 million gallons per day (2.3%). DTW sales accounted for 7.1% of wholesales, while rack and bulk sales made up 86.3% and 6.6%, respectively.
No. 2 distillate
- July monthly average prices for refiner sales of No. 2 distillates fell in most categories of sale. The average price for No. 2 diesel fuel sold to end users dropped 2.4 cents to $2.316 per gallon, while the average wholesale price decreased 1.1 cents to $2.192 per gallon. The average retail price for No. 2 fuel oil increased 2.3 cents to $2.436 per gallon, while the average wholesale price declined 1.0 cent to $2.079 per gallon.
- Refiner No. 2 ultra-low sulfur diesel sales decreased by 4.3 million gallons per day (2.6%) to 163.9 million gallons per day during July. Retail sales rose 900,000 gallons per day (8.0%), while wholesales decreased 5.2 million gallons per day (3.3%).
Residual fuel oil
- Monthly average prices for residual fuel oil sales by refiners continued to rise in July. The wholesale price for low-sulfur residual fuel oil rose 5.6 cents to $1.543 per gallon. The price for high-sulfur residual fuel oil increased 6.6 cents to $1.709 per gallon at retail, while the wholesale price rose 2.5 cents to $1.583 per gallon.
- Refiner residual fuel oil sales declined to 10.8 million gallons per day in July. Retail sales increased 500,000 per day (16.7%), while wholesales fell 800,000 gallons per day (9.9%).
Other products
- Refiner prices for the remaining surveyed products were mostly on the decline in July. Kerosene-type jet fuel prices fell at both retail and wholesale, while prices for propane rose at both levels. Aviation gasoline, kerosene, and No. 1 distillate prices fell at the wholesale level.
- During July, refiner sales of propane declined at retail but increased at wholesale, while kerosene-type jet fuel sales display the opposite trend. Aviation gasoline rose at the wholesale level, while kerosene and No. 1 distillate sales declined at wholesale.