EIA: U.S. Retail Gasoline Above $4 for 3rd Week

DAVENPORT, FL (DTN) – The U.S. average for retail regular gasoline remained above the $4 gallon mark for a third consecutive week during the week ended August 3, although prices edged down slightly from the previous week, data from the U.S. Energy Information Administration showed Tuesday (8/4).

The U.S. average for regular gasoline slipped 1.7cts to $4.079 gallon last week, standing 93.9cts higher compared with the same week last year, according to the EIA’s weekly update on fuel pricing.

The modest decline followed three consecutive weekly increases and came as wholesale gasoline prices softened from recent highs. However, retail prices remain elevated as crude oil and refined product markets continue to trade well above year-ago levels following supply disruptions in the Middle East.

East Coast (PADD 1) gasoline fell 5.3cts to $3.944 gallon in the week ended August 3, while remaining 92.8cts above the same period last year.

Within the East Coast, New England (PADD 1A) gasoline increased 0.3cts to $4.070 gallon week over week, standing $1.017 above the same week of 2025.

Central Atlantic (PADD 1B) gasoline prices declined 3.5cts on a weekly basis to reach $4.139 gallon last week, or 99.4cts higher than the same week last year.

Lower Atlantic (PADD 1C) gasoline prices dropped 7.9cts to $3.788 gallon in the profiled week, or 86.3cts above year-ago levels.

Midwest (PADD 2) prices rose 4.7cts to $3.929 gallon last week, 88.6cts higher compared with the same period last year.

Prices for the same product at the Gulf Coast (PADD 3) fell 8.6cts to $3.604 gallon, or 87.3cts above the same week last year.

Rocky Mountain (PADD 4) gasoline climbed 5.6cts to $4.139 gallon, rising $1.012 compared with the same time last year.

West Coast (PADD 5) gasoline prices increased 1.3cts to $5.130 gallon, for a $1.107 gain over the corresponding week of last year.

Gasoline prices at West Coast less California advanced 2.3cts to $4.685 gallon, standing 93.1cts higher than the same week last year.