Gasoline and diesel prices fall for five consecutive weeks

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The U.S. average retail price of regular gasoline fell for the fifth straight week, declining over a penny to reach $3.42 per gallon. The average price is $0.60 per gallon higher than last year at this time. Prices fell in all regions but the Midwest. The East Coast had the biggest drop, about four cents per gallon, to put prices at $3.40 per gallon. The price in the Rocky Mountains fell almost three cents while the price on the West Coast fell just over two cents. The Gulf Coast average, still the lowest in the country, is at $3.22 per gallon after shedding about two cents on the week. Moving in the other direction, the Midwest price increased over a penny to put the average at $3.34 per gallon.

The national average diesel fuel price fell almost three cents to $3.72 per gallon. The diesel price is $0.66 per gallon higher than last year at this time. Diesel averages were down across all the regions, with the Gulf Coast posting the largest decrease (about four cents) to reach $3.65 per gallon. The Midwest followed with a decrease of almost 3 cents while the East Coast price fell over 2 cents. Both the Rocky Mountains and West Coast prices declined under two cents per gallon. The West Coast remains the most expensive region in the country at an average of $3.91 per gallon.

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