Week over week, the price of gasoline on average fell less than a penny per gallon across the United States, while diesel’s average cost fell nearly 4 cents. How are fuel costs where you are?
The U.S. Energy Information Administration reported that gasoline averaged just under $3.66 per gallon across the nation. The average price of diesel fuel averaged around $4.08 per gallon. Both gasoline and diesel prices remain down compared to a year ago during the same week.
Gasoline price drops in the Midwest and along the Gulf Coast saw themselves offset in the national average by increases on the East and West Coasts and in the Rocky Mountain region.
Average Prices Week Over Week
Current average fuel prices by region (gasoline/diesel):
- East Coast: $3.54/$4.15
- Midwest: $3.55/$3.98
- Gulf Coast: $3.26/$3.82
- Rocky Mountain: $3.55/$4.12
- West Coast: $4.55/$4.69
What's Going On?
“For the first time in several weeks, the national average price of gasoline has seen a decline, and while the fall was quite small, the bigger news may be that we may have seen a short-term peak for the price of gasoline,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While any unexpected outages could push it up again, there is a rising possibility that barring such, we may have seen our high-water mark for the national average for the summer.”
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Catch a review of recent fuel costs in Episode 65 of The Route:
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