Mid-Month to Mid-Month: Mid-June Postings Up From May

During the latest mid-month period, prices at Mont Belvieu, Texas, increased. The posted prices increased 8.167 cents/gal, from May mid-month to June mid-month, and the spot prices increased 12 cents. Conway, Kansas, postings increased 7.8 cents/gal, and spots increased 9 cents over the month.

Mont Belvieu Postings

The Mont Belvieu mid-May posted price was 78.23 cents/gal. The next week the price increased 1.417 cents to 79.647 cents, followed by a 3.167-cent increase to 82.814 cents the next week. Prices then decreased 5.25 cents to 77.564 cents the first week of June. At mid-month, postings increased 8.833 cents to 86.397 cents/gal. Compared to the same time in June 2023, the June 2024 prices were 20.85 cents higher.

Conway Postings

The Conway mid-May posted price was 71.876 cents/gal. The next week the price increased 1.2 cents to 73.076 cents, followed by a 2.7-cent increase to 75.776 cents the next week. Prices then decreased 4.348 cents to 71.428 cents the first week of June. At mid-month, postings increased 8.248 cents to 79.676 cents/gal. Compared to the same time in June 2023, the June 2024 prices were 18.678 cents higher.

Mont Belvieu Spots

Mont Belvieu spots opened mid-May at 66 cents/gal. The next week the price rose by 5.25 cents to 71.25 cents, followed by a 1-cent increase to 72.25 cents the next week. Prices then decreased 3.625 cents to 68.625 cents the first week of June. At mid-month, they rose 9.375 cents to 78 cents/gal. Compared to the same time in June 2023, the June 2024 prices were 23 cents higher.

Conway Spots

Conway spots opened mid-May at 65.5 cents/gal. The next week the price rose by 3.5 cents to 69 cents, followed by a 1.5-cent increase to 70.5 cents the next week. Prices then decreased 3.25 cents to 67.25 cents the first week of June. At mid-month, they rose 7.25 cents to 74.5 cents/gal. Compared to the same time in June 2023, the June 2024 prices were 20.25 cents higher.

SOURCE: The BPN Pricing & Supply Newsletter, June 13, 2024. BPN Pricing & Supply Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.