EIA: U.S. Retail Gasoline Prices Fall 7th Straight Week


   
Kristina Davis
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- The national average for retail regular gasoline 
declined for a seventh consecutive week in the week ended January 5, as prices 
continued to ease during what is typically considered the seasonal low point 
for U.S. driving demand, data from the Energy Information Administration 
reported Tuesday (1/6).

   The U.S. average for regular gasoline fell by 1.5cts to $2.796 gallon last 
week, extending the  downtrend and leaving prices 25.1cts lower than the same 
week last year, the EIA's weekly update on fuel pricing showed.

   East Coast (PADD 1) gasoline slipped by 0.3ct to $2.778 gallon in the week 
ended January 5, 21.2cts down compared to the same period last year.

   Within the East Coast, New England (PADD 1A) prices decreased by 1.9cts to 
$2.848 gallon week-over-week and were 11.8cts lower year-over-year.

   Central Atlantic (PADD 1B) gasoline prices dropped by 1.9cts to $2.920 
gallon last week, 20.2cts under last year's level.

   Lower Atlantic (PADD 1C) gasoline prices edged up by 1ct to $2.672 gallon in 
the profiled week but remained 24cts less than the previous year.

   Midwest (PADD 2) prices declined by 2.1cts to $2.585 gallon, reflecting 
continued seasonal softness and sitting 35.3cts below the same period last year.

   Prices for the same product in the Gulf Coast (PADD 3) fell by 1.8cts to 
$2.372 gallon, a 28.3cts decline from last year.

   Rocky Mountain (PADD 4) gasoline dropped by 3.1cts to $2.403 gallon in the 
reference week, 49.6cts weaker year-over-year.

   West Coast (PADD 5) gasoline prices slid by 2.3cts to $3.708 gallon, 8.5cts 
lower than the corresponding week last year.

   Gasoline prices on the West Coast less California decreased by 3.9cts to 
$3.343 gallon in the reference week and were 5.6cts lower year-over-year.

    




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