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 March 2022 | Release Date: June 1, 2022 | Next Release Date: July 1, 2022 | 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 reached long-term highs in March. The average domestic crude oil first purchase price climbed $17.71 (19.8%) to $107.12 per barrel.
- The average free-on-board (f.o.b.) cost of imported crude oil rose $14.75 (17.3%) to $100.21 per barrel. The average landed cost of foreign crude oil increased $14.31 (16.5%) to $101.12 per barrel.
- The average refiner acquisition cost for domestic crude oil climbed $15.98 (17.4%) to $107.94 per barrel. The average cost of imported crude oil increased $15.84 (18.1%) to $103.32 per barrel. The composite refiner acquisition cost for crude oil increased $15.99 (17.7%) to $106.11 per barrel.
Petroleum products
Motor gasoline
- The monthly average wholesale price for refiner sales of motor gasoline rose 59.3 cents to $3.232 per gallon in March, its highest level since July 2008.
- Refiner sales of finished motor gasoline declined in March. Total refiner motor gasoline sales averaged 290.3 million gallons per day, reflecting a decrease of 1.9 million gallons per day (0.7%). DTW sales accounted for 6.3% of wholesales, while rack and bulk sales made up 91.5% and 2.2%, respectively.
No. 2 distillate
- March monthly average prices for refiner sales of No. 2 distillates marked the largest nominal month-on-month increases since EIA has published these statistics. The retail sales price for No. 2 diesel fuel climbed 78.9 cents to $3.689 per gallon, while the average wholesale price increased 75.2 cents to $3.582 per gallon. The average retail price for No. 2 fuel oil sales increased 65.5 cents to $3.924, while the average wholesale price climbed 73.7 cents to $3.479 per gallon.
- Total No. 2 ultra-low sulfur diesel fuel by refiners increased 4.1 million gallons per day (2.6%), averaging 159.6 million gallons per day in March. Retail sales rose 100,000 gallons per day (1.3%), while wholesales increased 4.0 million gallons per day (2.7%).
Residual fuel oil
- Monthly average prices for refiner sales of residual fuel oil rose in March. The average retail price for residual fuel oil increased 43.5 cents to $2.867 per gallon, while the average wholesale price increased 41.5 cents to $2.689 per gallon.
- Refiner sales of residual fuel oil sales fell in March, declining 600,000 gallons per day (6.5%) to 8.7 million gallons per day.
Other products
- Monthly average prices for refiner sales of propane, kerosene-type jet fuel, kerosene, and No. 1 distillate increased at both the retail and wholesale levels during March; the average wholesale price for aviation gasoline also registered an increase.
- Refiner sales of these surveyed products were mostly on the decrease in March. Propane, kerosene, and No. 1 distillate sales fell at both the retail and wholesale levels. Kerosene-type jet fuel fell at retail and were flat at wholesale. Aviation gasoline sales rose at the wholesale level.