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 January 2020 | Release Date: April 1, 2020 | Next Release Date: May 1, 2020 | 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 registered decreases in all sales categories at the start of 2020. The average domestic crude oil first purchase price fell $1.55 (2.7%) to $56.86 per barrel.
- The average free-on-board (f.o.b.) cost of imported crude oil dropped $2.50 (4.9%) to $48.98 per barrel. The average landed cost of foreign crude oil declined $1.78 (3.3%) to $51.88 per barrel.
- The average refiner acquisition cost for domestic crude oil fell $1.87 (3.0%) to $60.36 per barrel. The average cost of imported crude oil dropped $2.89 (5.1%) to $53.96 per barrel. The composite refiner acquisition cost for crude oil decreased $2.33 (3.9%) to $57.94 per barrel.
Petroleum products
Motor gasoline
- January average prices for motor gasoline sales by refiners decreased from December levels. The average retail price dropped 3.2 cents to $2.150 per gallon, while the average wholesale price fell 1.5 cents to $1.742 per gallon.
- Refiner finished motor gasoline sales continued to decline in January. Total sales dropped 10.1 million gallons per day (3.2%) to an average of 307.8 million gallons per day. Retail sales fell 500,000 gallons per day (2.1%), while wholesales decreased 9.6 million gallons per day (3.3%). DTW sales accounted for 7.1% of wholesales, while rack and bulk sales made up 87.4% and 5.5%, respectively.
No. 2 distillate
- Prices for refiner sales of No. 2 distillates fell in January. The average price for No. 2 diesel fuel sold to end users declined 6.9 cents to $2.003 per gallon, while the average wholesale price decreased 8.5 cents to $1.858 per gallon. The average retail price for No. 2 fuel oil sales fell 3.3 cents to $2.328 per gallon, while the average wholesale price declined 5.6 cents to $1.863 per gallon.
- Refiner sales of No. 2 ultra-low sulfur diesel fuel decreased 2.3 million gallons per day (1.4%) to 162.2 million gallons per day in January. Retail sales were flat, while wholesales decreased 2.3 million gallons per day (1.5%).
Residual fuel oil
- Refiner residual fuel oil sales prices rose in January. The average retail price for residual fuel oil increased 19.4 cents to $1.939 per gallon, while the average wholesale price rose 7.8 cents to $1.675 per gallon.
- Refiner residual fuel oil sales increased 500,000 gallons per day to 8.7 million gallons per day in January. Retail sales declined 300,000 gallons per day (14.3%), while wholesales rose 800,000 gallons per day (13.1%).
Other products
- Monthly average prices for refiner sales for other surveyed products were mostly on the decline in January. Prices for propane, kerosene-type jet fuel, and No. 1 distillate fell at both the retail and wholesale levels. The price for aviation gasoline rose at the wholesale level, while the price for kerosene declined in the same category.
- Refiner sales of other finished products varied in January. Sales of kerosene-type jet fuel declined at both the retail and wholesale levels, while No. 1 distillate sales increased at retail, but were flat at wholesale. Propane sales show mixed trends, falling at retail but increasing at wholesale. Aviation gasoline sales rose at the wholesale level, while wholesale sales of kerosene sales declined.