The U.S. average retail price of regular gasoline decreased 4.5 cents this week to $3.67 per gallon, 13 cents per gallon lower than last year at this time. The gasoline price has declined more than 27 cents per gallon over the last eight weeks. Prices have decreased in all regions of the Nation for the second consecutive week. The Gulf Coast saw the biggest decrease, almost seven cents, to reach $3.42 per gallon. The East Coast price dropped more than six cents to $3.57 per gallon, and the Midwest price dropped three and a half cents to $3.59 per gallon. The Rocky Mountain region and the West Coast dropped more than a penny to $3.74 per gallon and $4.23 per gallon, respectively.
The national average diesel fuel price decreased almost 6 cents to $3.90 per gallon, 5 cents per gallon lower than last year at this time. The diesel price has declined more than 25 cents over the last seven weeks. The East Coast, Midwest, and Gulf Coast all saw identical declines of almost 6 cents to reach $3.94 per gallon, $3.80 per gallon, and $3.80 per gallon, respectively. The Rocky Mountain price decreased almost four cents to $3.95 per gallon, and the West Coast saw the biggest drop, at almost seven cents, but remains the most expensive in the Nation at $4.16 per gallon.