Gasoline prices fall for seventh straight week

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The U.S. average retail price of regular gasoline decreased 4 cents this week to $3.71 per gallon, 14 cents per gallon lower than last year at this time. This marks the seventh straight week of decline. Prices have decreased in all regions of the Nation three of the last five weeks. The East and Gulf Coast both saw drops of about seven cents, to $3.63 per gallon and $3.49 per gallon, respectively. The Midwest price decreased 1.5 cents to $3.63 per gallon, while the Rocky Mountain price was down about a penny to $3.75 per gallon. Rounding out the regions, the West Coast price was down more than a cent to $4.24 per gallon.

The national average diesel fuel price decreased more than 5 cents to $3.96 per gallon, 4 cents per gallon lower than last year at this time. This marks the sixth straight week of decline, with prices dropping in all regions for four of the last five weeks. The East and Gulf Coast both saw decreases of more than five cents to put prices at $4.00 per gallon and $3.86 per gallon, respectively. The Midwest price is now $3.85 per gallon, and diesel is $3.99 per gallon in the Rocky Mountain region. The West Coast price remains the most expensive in the Nation at $4.23 per gallon.



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