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 2018 | Release Date: February 1, 2019 | Next Release Date: March 1, 2019 | full report
Previous Issues
Highlights
Figure HL1. Crude oil and petroleum product wholesale prices
figure data
Highlights
Crude oil
- Monthly average crude oil prices fell in all sales categories in November. The average domestic crude oil first purchase price declined $9.53 (14.6%), to $55.65 per barrel.
- The average free-on-board (f.o.b.) cost of imported crude oil decreased $14.11 (23.9%) to $44.97 per barrel, while the average landed cost of foreign crude oil fell $14.55 (23.5%), to $47.29 per barrel.
- The average refiner acquisition cost for domestic crude oil declined $10.61 (14.5%), to $62.47 per barrel. The average cost of imported crude oil fell $13.35 (19.7%), to $54.39 per barrel. The composite refiner acquisition cost for crude oil dropped $11.96 (16.9%), to $59.01 per barrel.
Petroleum products
Motor gasoline
- Monthly average prices for refiner sales of motor gasoline show across-the-board decreases. The average retail price fell 23.6 cents to $2.205 per gallon, while the average wholesale price declined 35.7 cents to $1.733 per gallon.
- Sales of finished motor gasoline by refiners fell in November. Total sales declined 4.4 million gallons per day (1.3%) to an average of 326.5 million gallons per day. Retail sales dropped 100,000 gallons per day (0.4%), while wholesales decreased 4.3 million gallons per day (1.4%). DTW sales accounted for 7.1% of wholesales, while rack and bulk sales made up 87.4% and 5.5%, respectively.
No. 2 distillate
- November monthly average prices for refiner sales of No. 2 distillates decreased from October levels. The average price for No. 2 diesel fuel sold to end users fell 21.7 cents to $2.283 per gallon, while the average wholesale price declined 24.9 cents to $2.130 per gallon. The average retail price for No. 2 fuel oil dropped 26.5 cents to $2.431 per gallon, while the average wholesale price fell 18.5 cents to $2.096 per gallon.
- Refiner sales of No. 2 ultra-low sulfur diesel declined 6.9 million gallons per day (4.0%) to 165.7 million gallons per day in November. Retail sales dropped 300,000 gallons per day (2.3%), while wholesales decreased 6.6 million gallons per day (4.1%).
Residual fuel oil
- Monthly average prices for refiner sales of residual fuel oil decreased in November. The wholesale price for low-sulfur residual fuel oil fell 26.0 cents to $1.360 per gallon. The price for high-sulfur residual fuel oil declined 8.5 cents to $1.731 per gallon at retail, while the wholesale price dropped 13.7 cents to $1.566 per gallon.
- Refiner residual fuel oil sales declined in November to 10.1 million gallons per day. Retail sales dropped 400,000 per day (10.5%), while wholesales declined 600,000 gallons per day (8.2%)
Other products
- Refiner prices for the remaining surveyed products declined in November. Prices for propane, kerosene-type jet fuel, and No. 1 distillate prices fell in both the retail and wholesale categories. Prices for aviation gasoline and kerosene prices decreased at the wholesale level.
- Refiner sales of propane and kerosene-type jet fuel fell at retail but increased at wholesale during November, while No. 1 distillate sales rose in both sales categories. Sales of kerosene sales rose at the wholesale level, while aviation gasoline sales dropped in the same category.