EIA: U.S. Retail Gasoline Average Falls 4.5cts on Week
12/09 10:35 AM
EIA: U.S. Retail Gasoline Average Falls 4.5cts on Week
Kristina Davis
DTN Refined Fuels Market Reporter
MIAMI, FL (DTN) -- The national average for retail regular gasoline declined
in the week ended December 8, with decreases across every major U.S. region,
data from the Energy Information Administration showed Tuesday (12/9).
The U.S. average for regular gasoline fell by 4.5cts to $2.94 gallon last
week, standing 6.8cts lower from the same week last year, the EIA's weekly
update on fuel pricing showed.
East Coast (PADD 1) gasoline slipped 3.9cts to $2.892 gallon in the week
ended December 8, while sitting 10.7cts lower than the same period last year.
Within the East Coast, New England (PADD 1A) decreased 2.7cts to $2.944
gallon week over week and was 4.6cts lower year-on-year.
Central Atlantic (PADD 1B) gasoline prices dropped 5.1cts to $3.035 gallon
last week, while standing 8.1cts lower than the same week last year.
Lower Atlantic (PADD 1C) gasoline prices dipped 3.5cts to $2.789 gallon in
the profiled week and were 13.6cts lower than the previous year.
Midwest (PADD 2) prices eased 2cts to $2.72 gallon, standing 8.8cts below
the same period of the year-ago level.
Prices for the same product in the Gulf Coast (PADD 3) declined 5.8cts to
$2.493 gallon, standing 11cts lower than last year.
Rocky Mountain (PADD 4) gasoline tumbled by 13.9cts to $2.644 gallon in the
reference week, standing 14.2cts lower year-on-year.
West Coast (PADD 5) gasoline prices slid 7.5cts to $3.956 gallon, but stood
12.9cts higher than the corresponding week of last year.
Gasoline prices at West Coast less California decreased 6.4cts to $3.608
gallon, while standing 12.4cts higher year-on-year.
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