Gas, Diesel Fuel Prices Still Dropping

By CnAgri2012-10-25 19:26:41 Print

The U.S. average retail price of regular gasoline decreased 13 cents last week to $3.69 per gallon, 23 cents per gallon higher than last year at this time. Prices decreased in all regions of the Nation, with the largest decrease in the Midwest, where the average price is down 20 cents to $3.49 per gallon. This is the largest one-week decrease in the Midwest price since November 2008.

The Gulf Coast price fell a dime to $3.45 per gallon and the East Coast price is now $3.70 per gallon, nine cents less than last week. The average price in the Rocky Mountains is now $3.71 per gallon, down three cents from last week, and the West Coast price fell 15 cents to $4.25 per gallon.

The national average diesel fuel price decreased three cents to $4.12 per gallon, 29 cents per gallon higher than last year at this time. The diesel price fell in all regions of the Nation, with both the Midwest and West Coast prices dropping a nickel, to $4.10 per gallon and $4.30 per gallon, respectively. The Rocky Mountain price is $4.24 per gallon, three cents less than last week. The average price decreased two cents on both the East and Gulf Coasts, to $4.11 per gallon and $4.00 per gallon, respectively.