Gasoline & Diesel Prices Decrease

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Although the U.S. average price for regular gasoline continued to weaken, the price slipped less than half a cent, remaining essentially unchanged at $2.73 per gallon. The price was a dime higher than last year at this time. Price changes were mixed, with the East Coast seeing the largest regional decrease, of nearly four cents, to $2.69 per gallon. The averages on the Gulf Coast and in the Rocky Mountains declined about three cents to $2.61 per gallon and $2.79 per gallon, respectively. Moving up three and a half cents, the average in the Midwest reached $2.66 per gallon. The West Coast price rose three cents to $3.01 per gallon, while the average in California increased over four cents to settle at $3.07 per gallon.

The national average for diesel fuel fell for the fourth week in a row, dropping three cents to $2.95 per gallon but was $0.45 above the price a year ago. The cumulative drop for the four weeks amounted to $0.18 per gallon. Prices fell in all regions of the country, as the East Coast dipped over three cents to $2.97 per gallon. The averages in the Midwest, on the Gulf Coast, and in the Rocky Mountains each dropped roughly four cents to $2.90 per gallon, $2.90 per gallon, and $3.02 per gallon, respectively. The average on the West Coast slid two cents to $3.06 per gallon and the California price fell less than three cents to $3.07 per gallon.

Source: U.S. Energy Information Administration



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