The U.S. average retail price of regular gasoline decreased five cents to $3.35 per gallon, six cents higher than last year at this time. Prices decreased in all regions of the nation for the second consecutive week, with the largest decrease coming in the Rocky Mountain region, where the price fell eight cents to $3.33 per gallon. The West Coast price has decreased 87 cents since reaching a high for the year in October, and is now $3.54 per gallon, down seven cents from last week. The East Coast, Midwest, and Gulf Coast prices all declined four cents from last week, to $3.42 per gallon, $3.28 per gallon, and $3.12 per gallon, respectively.
The national average diesel fuel price decreased four cents to $3.99 per gallon, 10 cents higher than last year at this time. The U.S. average diesel price has been below the $4-per-gallon mark three out of the last five weeks. Prices decreased in all regions of the nation, with the largest decrease coming on the West Coast, where the price declined six cents to $4.04 per gallon. The Rocky Mountain price is $3.94 per gallon, down a nickel from last week. Decreasing four cents, the Midwest price is $3.98 per gallon, and both the East Coast and Gulf Coast prices dropped three cents, to $4.07 per gallon and $3.87 per gallon, respectively.