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 October 2018 | Release Date: January 2, 2019 | Next Release Date: February 1, 2019 | full report
Previous Issues
Highlights
Figure HL1. Crude oil and petroleum product wholesale prices
figure data
Highlights
Crude oil
- Monthly average crude oil prices rose in all sales categories in October. The average domestic crude oil first purchase price increased $1.65 (2.6%), to $65.20 per barrel.
- The average free-on-board (f.o.b.) cost of imported crude oil rose $1.80 (2.9%) to $62.93 per barrel, while the average landed cost of foreign crude oil increased 10 cents (0.2%), to $63.42 per barrel.
- The average refiner acquisition cost for domestic crude oil climbed $2.04 (2.9%), to $73.08 per barrel. The average cost of imported crude oil rose $1.32 (2.0%), to $67.74 per barrel. The composite refiner acquisition cost for crude oil increased $1.82 (2.6%), to $70.97 per barrel.
Petroleum products
Motor gasoline
- Prices for refiner sales of motor gasoline show mixed changes in October. The average retail price increased 1.3 cents to $2.441 per gallon, while the average wholesale price fell 4.6 cents to $2.090 per gallon.
- Sales of finished motor gasoline by refiners rose in October. Total sales increased 1.0 million gallons per day (0.3%) to an average of 330.8 million gallons per day. Retail sales rose 300,000 gallons per day (1.2%), while wholesales climbed 700,000 gallons per day (0.2%). DTW sales accounted for 7.2% of wholesales, while rack and bulk sales made up 87.1% and 5.8%, respectively.
No. 2 distillate
- Monthly average prices for refiner sales of No. 2 distillates rose again in October. The average price for No. 2 diesel fuel sold to end users climbed 10.0 cents to $2.488 per gallon, while the average wholesale price rose 9.7 cents to $2.379 per gallon. The average retail price for No. 2 fuel oil increased 9.2 cents to $2.281 per gallon, while the average wholesale price rose 6.7 cents to $2.281 per gallon.
- Refiner sales of No. 2 ultra-low sulfur diesel climbed 7.8 million gallons per day (4.7%) to 173.5 million gallons per day in October. Retail sales rose 200,000 gallons per day (1.6%), while wholesales increased 7.6 million gallons per day (5.0%).
Residual fuel oil
- October monthly average prices for refiner sales of residual fuel oil increased from September levels. The wholesale price for low-sulfur residual fuel oil rose 10.0 cents to $1.620 per gallon. The price for high-sulfur residual fuel oil climbed 12.0 cents to $1.816 per gallon at retail, while the wholesale price increased 14.2 cents to $1.703 per gallon.
- Refiner residual fuel oil sales fell to 11.0 million gallons per day in October. Retail sales rose 100,000 per day (2.8%), while wholesales declined 500,000 gallons per day (6.4%).
Other products
- Refiner prices for the remaining surveyed products show mixed trends during October. While prices for propane fell at both retail and wholesale, kerosene-type jet fuel prices increased in both sales categories. Prices for aviation gasoline fell at wholesale, while No. 1 distillate and kerosene prices increased in the same sales category.
- Refiner sales of kerosene-type jet fuel fell at both the retail and wholesale levels in October, while sales of propane rose in both sales categories. Kerosene sales rose at retail, but fell at wholesale. Aviation gasoline and No. 1 distillate sales increased at the wholesale level, while kerosene sales registered a decline at wholesale during October.
Related information