Gasoline prices fall for sixth straight week

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The U.S. average retail price of regular gasoline decreased 4 cents this week to $3.75 per gallon, 21 cents per gallon lower than last year at this time. This marks the sixth straight week of decline, and the first time since June 2011 that the price has decreased for six or more consecutive weeks. Prices decreased in all regions except the West Coast, where the price increased 12 cents to $4.26 per gallon. The Rocky Mountain price was down a fraction of a penny to remain at $3.76 per gallon. East of the Rockies, the East Coast and Gulf Coast prices both decreased about 6 cents to reach $3.70 per gallon and $3.56 per gallon, respectively. The Midwest saw a decrease of 8 cents, the largest in the Nation, to reach $3.64 per gallon.

The national average diesel fuel price decreased more than 5 cents to $4.00 per gallon, 6 cents per gallon lower than last year at this time. Prices dropped in all regions, with the Midwest seeing the largest decline, at about 7 cents, to reach $3.90 per gallon and remain the least expensive in the Nation. The Gulf Coast price is now $3.92 per gallon and diesel in the Rocky Mountains is $4.00 per gallon. Prices on the East and West Coasts are still above the $4 mark, at $4.05 per gallon and $4.28 per gallon, respectively.



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