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 April 2020 | Release Date: July 1, 2020 | Next Release Date: August 3, 2020 | full report
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Highlights
Figure HL1. Crude oil and petroleum product wholesale prices
figure data
Highlights
Crude oil
- Continuing on a downward path, monthly average crude oil prices marked long-term lows in April. The average domestic crude oil first purchase price fell $15.80 (49.7%) to $16.00 per barrel, its lowest level since January 2002.
- The average free-on-board (f.o.b.) cost of imported crude oil dropped $10.33 (42.9%) to $13.76 per barrel. The average landed cost of foreign crude oil declined $10.65 (39.8%) to $16.14 per barrel.
- The average refiner acquisition cost for domestic crude oil fell $13.82 (39.5%) to $21.16 per barrel. The average cost of imported crude oil decreased $11.83 (41.5%) to $16.67 per barrel. The composite refiner acquisition cost for crude oil declined $13.22 (40.6%) to $19.33 per barrel.
Petroleum products
Motor gasoline
- April monthly average prices for refiner sales of motor gasoline decreased from March levels. The average retail price dropped 36.9 cents to $1.493 per gallon, while the average wholesale price fell 48.3 cents to 64.4 cents per gallon, its lowest level in more than 18 years.
- Finished motor gasoline sales by refiners declined in April. Total sales fell 69.0 million gallons per day (25.6%) to an average of 200.4 million gallons per day. Retail sales dropped 6.2 million gallons per day (33.5%), while wholesales fell 62.8 million gallons per day (25.0%). DTW sales made up 6.2% of wholesales, while rack and bulk sales accounted for 90.2% and 3.6%, respectively.
No. 2 distillate
- Prices for refiner sales of No. 2 distillates also continued to fall in April. The average price for No. 2 diesel fuel sold to end users dropped 35.0 cents to $1.136 per gallon, while the average wholesale price decreased 37.0 cents to 90.8 cents per gallon, its lowest level since December 2003. The average retail price for No. 2 fuel oil sales fell 59.3 cents to $1.220 per gallon, while the average wholesale price declined 36.6 cents to 87.2 cents per gallon.
- Refiner sales of No. 2 ultra-low sulfur diesel fuel decreased 1.9 million gallons per day (1.2%) to 161.4 million gallons per day in April. Retail sales dropped 600,000 gallons per day (5.9%), while wholesales declined 1.3 million gallons per day (0.8%).
Residual fuel oil
- Refiner residual fuel oil sales prices decreased in April. The average retail price for residual fuel oil fell 45.1 cents to 92.0 cents per gallon, while the average wholesale price dropped 38.7 cents to 73.4 cents per gallon.
- April refiner sales of residual fuel oil increased 1.1 million gallons per day (11.1%) to 11.0 million gallons per day. Retail sales rose 300,000 gallons per day (15.0%), while wholesales increased 800,000 gallons per day (10.1%).
Other products
- Refiner prices for the remaining surveyed products registered decreases again during April. Kerosene-type jet fuel, No. 1 distillate, and propane prices show declines in both the retail and wholesale categories. Prices for aviation gasoline and kerosene also declined at the wholesale level.
- Sales of other products by refiners decreased in April. Propane, kerosene-type jet fuel, and No. 1 distillate sales fell at both the retail and wholesale levels. Aviation gasoline and kerosene sales declined at wholesale.