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 June 2021 | Release Date: September 1, 2021 | Next Release Date: October 1, 2021 | full report
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Highlights
Figure HL1. Crude oil and petroleum product wholesale prices
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Highlights
Crude oil
- Monthly average crude oil prices continued to rise in June. The average domestic crude oil first purchase price climbed $5.78 (9.2%) to $68.58 per barrel.
- The average free-on-board (f.o.b.) cost of imported crude oil increased $2.88 (4.7%) to $64.57 per barrel. The average landed cost of foreign crude oil rose $4.00 (6.3%) to $67.48 per barrel.
- The average refiner acquisition cost for domestic crude oil rose $5.65 (8.6%) to $71.59 per barrel. The average cost of imported crude oil increased $5.04 (7.9%) to $68.85 per barrel. The composite refiner acquisition cost for crude oil climbed $5.39 (8.3%) to $70.54 per barrel.
- The monthly average wholesale price for refiner sales of motor gasoline increased again in June, rising 7.2 cents to $2.253 per gallon.
- Sales of finished motor gasoline by refiners increased in June. Total refiner motor gasoline sales rose 7.8 million gallons per day (2.5%) to an average of 317.7 million gallons per day. DTW sales accounted for 6.9% of wholesales, while rack and bulk sales made up 90.0% and 3.1%, respectively.
- Refiner prices for sales of No. 2 distillates continued on an upward path in June. The monthly average price for No. 2 diesel fuel sold to end users rose 5.1 cents to $2.228 per gallon, while the average wholesale price increased 7.6 cents to $2.148 per gallon. The average retail price for No. 2 fuel oil rose 5.0 cents to $2.341, while the wholesale price climbed 12.3 cents to $1.929 per gallon.
- Refiner wholesale sales of No. 2 ultra-low sulfur diesel fuel increased 13.6 million gallons per day (9.5%), to 156.6 million gallons per day.
- Monthly average prices for refiner sales of residual fuel oil rose in June. The average retail price for residual fuel oil increased 10.7 cents to $1.867 per gallon, while the average wholesale price rose 3.0 cents to $1.766 per gallon.
- Total refiner residual fuel oil sales increased 600,000 gallons per day to 7.5 million gallons per day in June. Retail sales rose 400,000 gallons per day (22.2%), while wholesales increased 200,000 gallons per day (3.9%).
- June average prices for refiner sales of kerosene-type jet fuel, aviation gasoline, No. 1 distillate, and propane increased in both the retail and wholesale categories. Kerosene prices also rose at the wholesale level.
- Refiner sales of these products show mixed trends in June. Kerosene-type jet fuel, aviation gasoline, and No. 1 distillate sales increased at retail and wholesale, while propane sales rose at retail but fell at wholesale. Kerosene sales also declined at the wholesale level in June. <