The U.S. average retail price of regular gasoline decreased 4 cents this week to $3.53 per gallon, 12 cents per gallon lower than last year at this time. The national average price has now fallen nearly 41 cents since April 2. Prices fell in all regions except the Midwest for the second consecutive week. The Midwest regional average price was up two cents to $3.56 per gallon, and is more expensive than the National average for the first time since September 2011. The West Coast average price dropped below the $4 mark for the first time since February 20, 2012, seeing the largest decline in the Nation, at 13 cents, to $3.96 per gallon. The East Coast price dropped almost five cents to $3.40 per gallon, while gasoline on the Gulf Coast fell about four cents to $3.27 per gallon. Rounding out the regions, the Rocky Mountain price declined about two cents to $3.69 per gallon.
The national average diesel fuel price decreased five cents to $3.73 per gallon, 22 cents per gallon lower than last year at this time. This marks the tenth consecutive week that the national average has fallen, and the ninth week that prices have declined in all regions. The West Coast saw the largest decrease for the fourth consecutive week, falling nine cents to $3.90 per gallon. The East Coast price dropped five cents to $3.77 per gallon. On the Gulf Coast, the average diesel price decreased over 4 cents to $3.65 per gallon. The Midwest and Rocky Mountain region prices both declined 4 cents to $3.66 and $3.83 per gallon, respectively.