US average price of regular gasoline fell 2 cents in week ended May 14 from previous week, rose 7 cents year-over-year to US$3.67/gallon; average diesel price fell 2 cents on week, rose 8 cents year-over-year to US$3.95/gallon: EIA

WASHINGTON , May 15, 2014 (press release) – The U.S. average retail price of regular gasoline decreased by two cents this week to $3.67 per gallon as of May 14, 2014, up seven cents from this time last year. Prices decreased in all regions except the Rocky Mountains, where the average rose one cent to $3.51 per gallon, and the Midwest, which increased by less than a penny to remain at $3.60 per gallon. The West Coast and Gulf Coast prices each decreased by three cents, to $4.02 and $3.44 per gallon respectively. The East Coast price is now $3.68 per gallon, down two cents from last week.

The national average diesel fuel price decreased two cents to $3.95 per gallon, up eight cents from the same time last year. Prices declined in all regions of the nation, led by a two-cent drop in the Gulf Coast to $3.80 per gallon. The East Coast, Midwest, West Coast, and Rocky Mountains each decreased one cent, to $4.04, $3.92, $4.04, and $3.97 per gallon respectively.

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