US average retail price of regular gasoline falls 1 cent in week ended Aug. 5 from previous week, year-over-year to US$3.63/gallon; average diesel price down 1 cent for week, up cents year-over-year to US$3.91/gallon: EIA

WASHINGTON , August 8, 2013 (press release) – The U.S. average retail price of regular gasoline decreased one cent to $3.63 per gallon as of August 5, 2013, one cent lower than last year at this time and below the year-ago price for the first time since May 2013. Prices decreased in all regions except the Midwest, where the price increased one cent to $3.59 per gallon. The largest decrease came on the West Coast, where the price fell four cents to $3.89 per gallon. The Gulf Coast price is $3.45 per gallon, three cents lower than last week. On the East Coast, the price dropped two cents to $3.63 per gallon. Rounding out the regions, the Rocky Mountain price declined less than a penny to remain at $3.64 per gallon.

The national average diesel fuel price decreased one cent to $3.91 per gallon, six cents higher than last year at this time. Prices increased less than a penny on the West Coast to remain at $4.05 per gallon and two cents in the Rocky Mountains to $3.93 per gallon, while decreasing in all other regions. The East Coast and Midwest prices both decreased one cent, to $3.92 per gallon and $3.88 per gallon, respectively. The Gulf Coast price declined less than one cent to $3.84 per gallon.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.