EIA: U.S. Retail Gasoline Average Falls 7.6cts on Week

MIAMI, FL (DTN) –The national average for retail regular gasoline declined in the week ended December 1, with weakness across all U.S. regions, data from the Energy Information Administration showed Tuesday (12/2).

The U.S. average for regular gasoline fell by 7.6cts to $2.985 gallon last week, while standing 4.9cts lower compared to the same week last year, the EIA’s weekly update on fuel pricing showed.

East Coast (PADD 1) gasoline dropped 5.4cts to $2.931 gallon in the week ended December 1, while sitting 5.8cts lower than the same period last year.

Within the East Coast, New England (PADD 1A) decreased 2.5cts to $2.971 gallon week over week and was down 4.1cts year-on-year.

Central Atlantic (PADD 1B) gasoline prices declined 3.6cts to $3.086 gallon last week, while standing 3.4cts lower than the same week of last year.

Lower Atlantic (PADD 1C) gasoline prices fell 7.2cts to $2.824 gallon in the profiled week, and were 7.6cts lower than year-ago levels.

Midwest (PADD 2) prices dropped 11.8cts to $2.74 gallon last week, standing 16.2cts below the same period of the previous year.

Prices for the same product at the Gulf Coast (PADD 3) fell 9.2cts to $2.551 gallon, standing 3cts lower than last year.

Rocky Mountain (PADD 4) gasoline fell 8.9cts to $2.783 gallon, remaining 4cts below year-ago levels.

West Coast (PADD 5) gasoline prices declined 3.9cts to $4.031 gallon, but stood 16.8cts above the corresponding week of last year.

Gasoline prices at West Coast less California fell 3cts to $3.672 gallon, while standing 15.1cts higher year-on-year.