Retail Gasoline & Diesel Prices Decrease

The U.S. average retail price for a gallon of gasoline decreased 2 cents from last week to $2.86 per gallon, $0.23 per gallon higher than last year at this time. The decline was sharpest in the Midwest, where prices were almost four cents lower than last week, followed by the Gulf Coast where prices were down by almost three cents. The West Coast and Rocky Mountain both saw gasoline prices fall slightly less than the two cent decline seen nationally. The smallest decline for the week was the East Coast’s half of a cent decrease.

The average retail diesel price decreased for the second straight week, falling almost a penny versus last week. This marks the first price decrease in consecutive weeks since the beginning of September. The national average for a gallon of diesel is now $3.16 per gallon, $0.39 higher than last year at this time. Prices on the West Coast and in the Midwest both fell more than the national average decline, dropping over a penny from last week. However, prices on the West Coast remained the highest in the country at $3.30 per gallon. Diesel prices on the Gulf Coast and East Coast fell less than a penny, while prices in the Rocky Mountains registered a small increase of less than one cent.

Source: U.S. Energy Information Administration

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