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 2018 | Release Date: September 4, 2018 | Next Release Date: October 1, 2018 | full report
Previous Issues
Highlights
Figure HL1. Crude oil and petroleum product wholesale prices
figure data
Highlights
Crude oil
- Changes in monthly average crude oil prices show mixed trends in June. The average domestic crude oil first purchase price declined $2.91 (4.4%), to $63.25 per barrel.
- The average free-on-board (f.o.b.) cost of imported crude oil was essentially flat, rising 1 cent (0.0%) to $62.45 per barrel. The average landed cost of foreign crude oil increased 35 cents (0.5%), to $64.99 per barrel.
- The average refiner acquisition cost for domestic crude oil dropped $1.88 (2.6%), to $69.43 per barrel. The average cost of imported crude oil rose $1.34 (2.0%), to $67.42 per barrel. The composite refiner acquisition cost for crude oil decreased 48 cents (0.7%), to $68.52 per barrel.
Petroleum products
Motor gasoline
- Monthly average prices for refiner sales of motor gasoline declined during June. The average retail price fell 2.5 cents to $2.469 per gallon, while the average wholesale price decreased 7.0 cents to $2.135 per gallon.
- Sales of finished motor gasoline by refiners continued to rise in June. Total sales increased 2.6 million gallons per day (0.8%) to an average of 345.3 million gallons per day. Retail sales rose 400,000 gallons per day (1.6%), while wholesales increased 2.2 million gallons per day (0.7%). DTW sales accounted for 7.1% of wholesales, while rack and bulk sales made up 85.5% and 7.4%, respectively.
No. 2 distillate
- June monthly average prices for refiner sales of No. 2 distillates fell in all sales categories. The average price for No. 2 diesel fuel sold to end users declined 2.8 cents to $2.340 per gallon, while the average wholesale price decreased 5.5 cents to $2.203 per gallon. The average retail price for No. 2 fuel oil dropped 6.5 cents to $2.413 per gallon, while the average wholesale price fell 5.4 cents to $2.089 per gallon.
- Refiner sales of No. 2 ultra-low sulfur diesel rose 1.0 million gallons per day (0.6%) to 168.3 million gallons per day in June. Retail sales fell 500,000 gallons per day (4.3%), while wholesales increased 1.5 million gallons per day (1.0%).
Residual fuel oil
- Monthly average prices for residual fuel oil sales by refiners rose in June. The wholesale price for low-sulfur residual fuel oil increased 2.5 cents to $1.487 per gallon. The price for high-sulfur residual fuel oil rose 2.8 cents to $1.643 per gallon at retail, while the wholesale price climbed 6.6 cents to $1.567 per gallon.
- The volume of refiner residual fuel oil sales increased to 12.8 million gallons per day in June. Retail sales fell 200,000 per day (6.3%), while wholesales rose 1.4 million gallons per day (16.7%).
Other products
- Refiner prices for the remaining surveyed products generally declined during June. Propane and kerosene-type jet fuel prices fell at both the retail and wholesale levels, while prices for kerosene rose at retail, but decreased at wholesale. Prices for aviation gasoline and No. 1 distillate fell at the wholesale level.
- Refiner sales of propane increased at retail but declined at wholesale during June, while kerosene-type jet fuel and kerosene sales show the opposite trend. Aviation gasoline and No. 1 distillate sales increased at the wholesale level.