EIA: U.S. Retail Regular Gasoline Price Falls 6.3cts W-o-W

MIAMI, FL (DTN) — Retail regular gasoline prices fell sharply in the week ended October 13, led by declines across all major regions, data from the U.S. Energy Information Administration showed Wednesday (10/15).

The national average for retail regular gasoline dropped by 6.3cts to $3.061 gallon week-on-week, and was 11cts lower from the same week last year.

East Coast PADD 1 gasoline price fell by 3.2cts to $2.952 gallon as of October 13, and was 9.0cts lower compared with the corresponding week from a year ago.

Within the East Coast, New England PADD 1A declined by 2.8cts to $2.98 gallon, and was 6.8cts below the prior-year level.

Central Atlantic PADD 1B dipped by 0.8cts to $3.104 gallon, and 11.2cts from a year back.

Lower Atlantic PADD 1C fell by 4.8cts to $2.849 gallon, and 8.2cts year-on-year.

Midwest PADD 2 average gasoline price dropped by 12.1cts to $2.812 gallon, and 28.8cts from the same period a year earlier.

Gulf Coast PADD 3 gasoline price posted the largest decline, tumbling 9.6cts to $2.623 gallon. Year-on-year, it fell 11.2cts.

Rocky Mountain PADD 4 gasoline fell by 1.7cts to $3.049 gallon, and was down 20.9cts from a year ago.

West Coast PADD 5 gasoline eased 1.3cts to $4.213 gallon but was 16.6cts higher than a year earlier.

West Coast less California gasoline fell by 3.3cts to $3.949 gallon in the profiled week, while rising 30.6cts above the same week last year.