The U.S. average retail price of regular gasoline decreased 10 cents to $3.25 per gallon, three cents higher than last year at this time, and the lowest price in 2012. Prices decreased in all regions of the nation for the third consecutive week, with the largest decrease coming in the Midwest, where the price decreased 14 cents to reach $3.14 per gallon. The Rocky Mountain price has decreased 56 cents since the end of September and is now $3.21 per gallon, 12 cents lower than last week. The West Coast price is $3.46 per gallon, down nine cents from last week, and 95 cents below its 2012 high of $4.41 per gallon on October 8. The Gulf Coast price decreased eight cents to $3.05 per gallon, and on the East Coast the price fell seven cents to $3.35 per gallon.
The national average diesel fuel price decreased five cents to $3.95 per gallon, 12 cents higher than last year at this time. The U.S. average diesel price has decreased 9 cents in the last three weeks, and is at its lowest level since August 6. Prices decreased in all regions of the nation, with the largest decrease coming in the Rocky Mountain region, where the price declined seven cents to $3.87 per gallon. The West Coast price is just under $4.00, a decrease of five cents from last week, and the first time below the $4-per-gallon mark since the beginning of August. The East Coast price dropped four cents, but is still the highest in the nation for the second consecutive week at $4.03 per gallon. The Midwest price is $3.92 per gallon, down six cents from last week, and the Gulf Coast price is the lowest in the nation at $3.85 per gallon, a decrease of three cents from last week.