EIA: U.S. Retail Gasoline Prices Fall 8th Straight Week

MIAMI, FL (DTN) — The national average for retail regular gasoline declined for an eighth consecutive week in the week ended January 12, as prices continued to ease during what is typically the seasonal low point for U.S. driving demand, data from the Energy Information Administration reported Tuesday (1/13).
The U.S. average for regular gasoline decreased by 1.7cts to $2.779 gallon last week, extending the downward trend and leaving prices 26.4cts lower than the same week last year, the EIA’s weekly update on fuel pricing showed.
East Coast (PADD 1) gasoline slipped by 3.7cts to $2.741 gallon in the week ended January 12, and was 25.7cts lower than the same period last year.
Within the East Coast, New England (PADD 1A) prices declined by 2.6cts to $2.822 gallon week over week and were 13.7cts lower than the same time last year.
Central Atlantic (PADD 1B) gasoline prices fell by 1.9cts to $2.901 gallon last week, and were 21.6cts under the corresponding week of last year.
Lower Atlantic (PADD 1C) gasoline prices dropped by 5.1cts to $2.621 gallon in the profiled week and were 31.1cts lower year over year.
Midwest (PADD 2) gasoline prices rose by 1.9cts to $2.604 gallon, but values remained 29.5cts below the same period last year.
Gulf Coast (PADD 3) gasoline prices edged up by 0.3ct to $2.375 gallon, while staying 29cts lower than the comparable week a year ago.
Rocky Mountain (PADD 4) gasoline increased by 1.9cts to $2.422 gallon but remained sharply lower on  the year, with a slide of 45.7cts.
West Coast (PADD 5) gasoline prices declined by 5.9cts to $3.649 gallon in the reference week, standing 16.1cts below the same week last year.
Gasoline prices on the West Coast less California tumbled by 6.3cts to $3.28 gallon and were 14.8cts weaker year over year