US Retail Gasoline Slides 9cts to $4.872 Gallon 4wks Low
6/29 4:58 PM
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. (c) Copyright 2022 DTN, LLC. All rights reserved.
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