U.S. average retail gasoline price drops US$0.01 to reach US$3.66/gallon, US$0.94 higher than last year; diesel loses less than US$0.01 to settle at US$3.86/gallon: EIA

WASHINGTON , September 14, 2011 (press release) – The U.S. average retail price of regular gasoline decreased this week, losing over a penny to fall to $3.66 per gallon. The average price is $0.94 per gallon higher than last year at this time. Regional changes were mixed with the largest decline occurring in the Midwest as the price fell just under three cents to average $3.68 per gallon. The Gulf Coast price decreased two cents to $3.47 per gallon. The East Coast price declined a penny to an average $3.63 per gallon. Prices rose just over two cents in the Rocky Mountain region and a fraction of a penny on the West Coast to $3.60 per gallon and $3.87 per gallon, respectively.

The national average diesel price totaled $3.86 per gallon after decreasing less than a penny. The diesel price is $0.92 per gallon higher than last year at this time. The Midwest and Gulf Coast prices fell a penny to put prices at $3.84 per gallon and $3.79 per gallon, respectively. The East Coast diesel price decreased to $3.88 per gallon. The price in the Rocky Mountains increased a cent to $3.90 per gallon while the West Coast average stayed at $3.98 per gallon.

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