Monthly price and volume statistics on crude oil and petroleum products at a national, regional
and state level.
Petroleum & Other Liquids
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Petroleum Marketing Monthly
Data for June 2020 | Release Date: September 1, 2020 | Next Release Date: October 1, 2020 | full report
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Highlights
Figure HL1. Crude oil and petroleum product wholesale prices
figure data
Highlights
Crude oil
- Following the increases seen during May, monthly average crude oil prices continued to move upwards in June. The average domestic crude oil first purchase price rose $15.44 (85.4%) to $33.53 per barrel.
- ยท The average free-on-board (f.o.b.) cost of imported crude oil climbed $13.02 (69.8%) to $31.67 per barrel. The average landed cost of foreign crude oil increased $13.19 (60.1%) to $35.14 per barrel.
- The average refiner acquisition cost for domestic crude oil increased $12.27 (49.1%) to $37.24 per barrel. The average cost of imported crude oil rose $13.61 (60.3%) to $36.17 per barrel. The composite refiner acquisition cost for crude oil increase $12.96 (54.4%) to $36.80 per barrel.
Petroleum products
Motor gasoline
- Monthly average prices for refiner sales of motor gasoline were also on the rebound in June. The average retail price rose 16.6 cents to $1.764 per gallon, while the average wholesale price rose 6.8 cents to $1.117 per gallon.
- Refiner sales of finished motor gasoline increased in June. Total sales rose 42.7 million gallons per day (17.3%) to an average of 289.7 million gallons per day. Retail sales increased 3.6 million gallons per day (23.1%), while wholesales climbed 39.1 million gallons per day (16.9%). DTW sales made up 6.4% of wholesales, while rack and bulk sales accounted for 89.8% and 3.8%, respectively.
No. 2 distillate
- Prices for refiner sales of No. 2 distillates rose in June. The average price for No. 2 diesel fuel sold to end users increased 22.4 cents to $1.354 per gallon, while the average wholesale price climbed 25.7 cents to $1.135 cents per gallon. The average retail price for No. 2 fuel oil sales increased 17.6 cents to $1.338 per gallon, while the average wholesale price rose 21.0 cents to $1.005 cents per gallon.
Residual fuel oil
- Refiner residual fuel oil sales prices increased in June. The average retail price for residual fuel oil climbed 32.2 cents to $1.139 per gallon, while the average wholesale price increased 24.0 cents to $1.015 per gallon.
- Residual fuel oil sales by refiners declined 100,000 gallons per day (1.4%) to 7.3 million gallons per day. Retail sales rose 100,000 gallons per day (6.2%), while wholesales fell 200,000 gallons per day (3.4%).
Other products
- Following the overall upward trend in the market, refiner prices for the remaining surveyed products increased in June. Kerosene-type jet fuel and propane, and No. 1 distillate prices rose at both the retail and wholesale levels, while prices for aviation gasoline, No. 1 distillate, and kerosene show increases at the wholesale level.
- Refiner sales for these products declined for the most part during June. Sales of propane and No. 1 distillate decreased in both the retail and wholesale categories. Kerosene-type jet fuel sales rose at the retail level, but fell at wholesale. Aviation gasoline and kerosene sales decreased at the wholesale level.