Retail gasoline and diesel prices fall

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The U.S. average retail price of regular gasoline fell to the lowest price since February after shedding six cents to reach $3.31 per gallon. The average price is $0.45 per gallon higher than last year at this time. The national average gasoline price has fallen in 10 of the last 12 weeks. The Midwest had the biggest decrease as prices in the region tumbled more than eight cents per gallon. All of the other major regions declined between five to six cents per gallon. The West Coast had the highest regional price at $3.65 per gallon, while the Gulf Coast average was the lowest at $3.11 per gallon.

The national average diesel price fell for the first time in three weeks, losing almost five cents to hit $3.96 per gallon. The diesel price is $0.80 per gallon higher than last year at this time. Diesel prices were down across all the regions with the biggest decrease coming in the Midwest, where the diesel price was more than six cents below week's average. The decrease in the Rocky Mountain region followed with the average price dropping a nickel. The Gulf Coast price decreased four cents while the West Coast average dropped almost five cents to $4.14 per gallon, still the highest regional price in the country. The East Coast diesel price held the most ground on the week, shedding only three cents versus last week.

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