During the latest mid-month period, prices at Mont Belvieu, Texas, decreased. The posted prices decreased 12.25 cents/gal, from August mid-month to September mid-month, and the spot prices decreased 11.63 cents. Conway, Kansas, postings decreased 7.15 cents/gal, and spots decreased 7.5 cents over the month.
Mont Belvieu Postings
The Mont Belvieu mid-August posted price was 86.48. The next week the price increased 0.167 cents to 86.647 cents/gal, followed by a 0.667-cent decrease to 85.98 cents/gal. the next week. Prices decreased 4.166 cents to 81.814 cents/gal. the first week of September, followed by a 7.584-cent decrease to 74.23 cents/gal. the next week at mid-month. Compared to the same time in September 2023, the September 2024 prices were 12.734 cents lower.
Conway Postings
The Conway mid-August posted price was 79.276 cents/gal. The next week the price decreased 0.2 cents to 79.076 cents/gal, followed by a 0.35-cent decrease to 78.726 cents the following week. The price decreased 4.3 cents to 74.426 cents/gal. the first week of September. At mid-month, postings decreased 2.3 cents to 72.126 cents/gal. Compared to the same time in September 2023, the September 2024 prices were 9.822 cents lower.
Mont Belvieu Spots
Mont Belvieu spots opened mid-August at 74.75. The next week the price fell 0.5 cents to 74.25 cents/gal, followed by a 1.25-cent increase to 75.5 cents the next week. Prices fell 5.5 cents to 70.5 cents/gal. the first week of September. At mid-month, prices decreased 7.38 cents to 63.12 cents/gal.. Compared to the same time in September 2023, the September 2024 prices were 14.38 cents lower.
Conway Spots
Conway spots opened mid-August at 73.5 cents/gal. The next week the price fell by 0.325 cents to 73.175 cents/gal., followed by a 0.675-cent decrease to 72.5 cents/gal. the following week. Prices then fell 2.5 cents to 70 cents/gal. for the first week of September. At mid-month, prices decreased 4 cents to 66 cents/gal. Compared to the same time in September 2023, the September 2024 prices were 11.25 cents lower.
Source: The BPN Pricing & Supply Newsletter, September 12, 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.
