Gasoline and diesel prices fall

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The U.S. average retail price of regular gasoline fell for the third consecutive week, shedding more than two cents to reach $3.58 per gallon. The average price is $0.88 per gallon higher than last year at this time. The largest decrease came on the East Coast where prices were down four cents on the week. The average price on the Gulf Coast was down almost three cents to $3.46 per gallon, the lowest regional price in the country. The Midwest retail gasoline price lost more than one cent for the week, while prices both on the West Coast and in the Rocky Mountains managed small declines of less than a penny. West Coast gasoline is the most expensive in the country, averaging $3.69 per gallon.

The national average diesel price fell for the fourth consecutive week, dropping two and a half cents to $3.81 per gallon. The diesel price is $0.85 per gallon higher than last year at this time. Like gasoline, diesel prices were lower in all of the major regions. Leading the way, the Gulf Coast registered a more than three-cent decline on the week. Both the East Coast and Midwest average diesel prices fell almost three cents against last week. The Rocky Mountain average price moved a penny lower, while the West Coast price was down just under a cent.

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