U.S. average retail gasoline price falls for second week, loses US$0.07 to reach US$3.60/gallon; diesel drops for third week, falls more than US$0.06 to settle at US$3.84/gallon: EIA

WASHINGTON , August 17, 2011 (press release) – The U.S. average retail price of regular gasoline fell for the second week in a row, losing seven cents to reach $3.60 per gallon. The average price is $0.86 per gallon higher than last year at this time. The Midwest continued to post the largest decrease as the price was down more than eight cents on the week. The Gulf Coast remains the least expensive region, falling almost seven cents to put the price at $3.49 per gallon. The average price on the East Coast lost just over seven cents from last week, while the West Coast average was down about a nickel with an average price of $3.69 per gallon. The Rocky Mountain region tallied the smallest decrease of just under three cents a gallon.

The national average diesel price decreased for the third consecutive week, falling over six cents to $3.84 per gallon. The diesel price is $0.86 per gallon higher than last year at this time. The West Coast led declines for the third week, losing almost nine cents per gallon. The East Coast average declined about seven cents per gallon while the Midwest and Gulf Coast average diesel prices dropped around six cents per gallon. The Rocky Mountains had the smallest decrease at two and a half cents per gallon.

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