February 04, 2008

Average Gasoline Price Drops Below $3 a Gallon

ARTICLE TOOLS        | E-MailPrint RSS

Send an e-mail to colleagues Please fill out the form below to send a link to this story to your colleagues.
Your Name:	Your E-mail:
Colleagues' E-mail (Separate each address with comma):
Message: (Max. 500 chars.)
Enter the verification code as it is shown below without spaces. (Not case-sensitive) Enter Code: What's this? Image Code Verification Automated programs can't "read" the code you see in the box: only humans can. When you enter this code, it ensures that your order is going to a real person. If you don't see an image, make sure your browser is set to display images and try again. If you're not sure what the code is, make your best guess. If you're incorrect, you'll get another chance to enter a different code on the next screen. Close
CANCEL

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline fell below $3 a gallon for the first time since Christmas Eve. The price dropped to $2.977 per gallon as of Jan. 28. That's 4 cents lower than the previous week but 81.2 cents above a year ago, the Energy Department's Energy Information Administration (EIA) reported.

Prices fell throughout the country. The East Coast price dropped 3.7 cents to $3.025 per gallon. The Midwest price lost 3.6 cents to $2.922 per gallon, 84.1 cents per gallon more than last year. The lowest regional price occurred in the Gulf Coast, where a decrease of 2.9 cents brought the price to $2.875 per gallon. The Rocky Mountain price slumped 1.4 cents to settle at $2.914 per gallon.

The West Coast's average price, $3.086 per gallon, remained the highest regional price while registering the largest regional decrease of 6.9 cents. The average price for regular grade in California dropped to $3.148 per gallon, 7.8 cents less than the previous week.

The retail diesel fuel price declined 1.1 cents to $3.259 per gallon, 84.6 cents higher than last year. All regional diesel prices were lower, except in the Rocky Mountains where a 0.7 cent increase brought the price to $3.236 per gallon. The East Coast diesel price fell by 1.6 cents to $3.327 per gallon, again the highest regional price. The lowest regional diesel price of $3.218 per gallon occurred in both the Midwest and the Gulf Coast regions, with declines of 1 cent and 0.4 cent, respectively. The West Coast diesel price dropped 2.6 cents to settle at $3.301 per gallon. California prices lost 1.4 cents to hit $3.346 per gallon.

[ Request more info about this product/service/company ]

Request More Info Fill out the form below to request more info regarding the company/product/service featured in the story.
* Name:	Company:
* E-mail:	Phone:
Preferred contact method: EmailPhone
I would like info on the following:
Enter the verification code as it is shown below without spaces. (Not case-sensitive) Enter Code: What's this? Image Code Verification Automated programs can't "read" the code you see in the box: only humans can. When you enter this code, it ensures that your order is going to a real person. If you don't see an image, make sure your browser is set to display images and try again. If you're not sure what the code is, make your best guess. If you're incorrect, you'll get another chance to enter a different code on the next screen. Close
CANCEL