The U.S. average retail price of regular gasoline fell for the fifth consecutive week, dropping almost seven cents to hit $3.71 per gallon. The average price is $1.01 per gallon higher than last year at this time. The biggest decrease came in the Midwest, where prices plunged more than 13 cents on the week. Other regions saw more temperate decreases. The East Coast and West Coast both saw average gasoline prices drop more than four cents from last week. In the Rocky Mountain region, prices were down almost three cents, while the Gulf Coast registered a two-cent decrease in gasoline prices.
The national average on-highway diesel price increased for the first time in six weeks, adding more than a penny to reach $3.95 per gallon. The diesel price is $1.03 per gallon higher than last year at this time. All of the major regions, except for the Rocky Mountains, saw average diesel prices increase between one and two cents. The Rocky Mountains were the only region to see diesel prices drop this week, as prices there fell almost three cents. The West Coast, with an average price of $4.16 per gallon, is only major region where prices remain over $4 per gallon. The least expensive diesel prices are found on the Gulf Coast, where a gallon sells for $3.90, on average.