US Retail Gasoline Slides 9cts to $4.872 Gallon 4wks Low


   
   CRANBURY, N.J. (DTN) -- The average price for regular grade gasoline in the 
Lower 48 states declined 9cts during the week-ended June 27 and 13.4cts or 2.7% 
over the two-week period from a record $5.006 to a four-week low at $4.872 
gallon, the Energy Information Administration reported this afternoon in a 
report delayed for more than one week by server failure.

   At $4.872, the national average is $1.781 gallon more than year ago.

   All PAD districts experienced a decline in their retail gasoline average, as 
did California, where gasoline averaged $6.138 gallon as of June 27, down 
7.8cts on the week while $2.012 more than year prior.

   West Coast PADD 5 retail gasoline average fell 6.9cts to $5.786 gallon 
during the week to $5.786 gallon, $1.975 above year ago.

   Gulf Coast PADD 3 retail gasoline fell 11.1cts to $4.50 gallon during the 
week-ended June 27, $1.724 above the average during the same week in 2021, with 
the Midwest PADD 2 average down 8.7cts to $4.822 gallon, $1.832 above year ago.

   Gasoline prices sold at retail outlets in Rocky Mountains PADD 4 remain 
stubbornly high, edging down 0.7cts from a record high average to $4.984 
gallon, $1.628 more than year ago.

   Along the East Coast PADD 1, the retail gasoline average fell 9.8cts to 
$4.688 gallon, $1.71 above year prior. The retail average for regular grade in 
New England states declined 12.7cts over the two-week period ended June 27 from 
a record high $5.021 gallon to $4.894 gallon, $1.883 above year ago. Central 
Atlantic states retail average fell 7.3cts through the one-week period ended 
June 27 to $4.874 gallon, up $1.763 year-on-year, with the largest weekly 
decline in Lower Atlantic states PADD 1C, where retail gasoline averaged $4.518 
gallon, down 12cts on the week while $1.631 more than year prior.




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