Slide 2 of 25
Notes:
- This slide shows the strong influence crude oil prices have on retail distillate prices.
- Distillate tracks the crude price increases seen in 1996 and the subsequent fall in 1997 and 1998. Distillate prices have also followed crude oil prices up since the beginning of 1999.
- Residential heating oil prices on the East Coast (PADD 1) were 39 cents per gallon higher this June than last year (120 v 81 cents per gallon). As the graph shows, the increase is due mainly to increased crude oil prices.
- Diesel fuel prices behaved similarly, though with less of a spike last winter. The average East Coast diesel price in July was $1.44 per gallon, 34 cents higher than a year ago.
