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EIA: US Retail Gasoline Price at 5-Month Low $2.598 Gallon
8/19 5:09 PM
EIA: US Retail Gasoline Price at 5-Month Low $2.598 Gallon CANYON LAKE, Texas (DTN) -- Energy Information Administration data released this afternoon showed the average price of regular grade retail gasoline dropped in all major regions of the United States for the third consecutive week, sliding 2.6cts in the week-ended today to a five-month low $2.598 gallon. The average retail price of a gallon of regular grade gasoline in the U.S. is down 22.3cts from the same time last year, EIA data shows. The price of regular grade gasoline fell the most during the week in Gulf Coast PADD 3 States where the retail average dropped 5.5cts at $2.269 gallon, which is down 29.9cts from the same time last year. In Texas the price dropped 5.8cts during the week profiled to $2.285 gallon as the price point in Houston eased 1.8cts at $2.365 gallon. Motorists in Midwest PADD 2 States saw the cost of regular grade gasoline edge down 0.5cts in the week-ended Monday to $2.517 gallon, which is down 21.3cts from the same time in 2018. Motorists in Ohio paid $2.515 gallon, up 1.2cts from the week prior, while in Minnesota the price slid 2.5cts to $2.521 gallon. In Chicago the price point declined 1.5cts during the week to $2.765 gallon. In East Coast PADD 1 states the average price of regular grade gasoline fell 3.5cts in the week to $2.517 gallon, which is down 26cts from the same time last year. Motorists in the New England PADD 1A states saw the price of regular grade gasoline move 2.4cts lower in the week to $2.630 gallon as the price point in Massachusetts slid 2.1cts at $2.650 gallon. In New York City the price dropped 2.6cts during the week to $2.679 gallon. In the Central Atlantic PADD 1B states the average price of regular grade gasoline fell 3.7cts in the week to $2.688 gallon while in the Lower Atlantic PADD 1C states the price dropped 3.6cts to $2.382 gallon. The price point in Florida declined 1.5cts during the week to $2.361 gallon. EIA data showed the price of regular grade gasoline in West Coast PADD 5 moved 1.7cts lower in the week to $3.242 gallon, which is down 6.5cts from the same time in 2018. In California the retail average slid 2.4cts in the week to $3.463 gallon with the price in Los Angeles down 2.5cts at $3.431 gallon. In Pacific Northwest states the average price of regular grade gasoline edged down 0.9cts during the week to $2.976 gallon, down 14.2cts from the same time in 2018. Motorists in Seattle saw the retail average slide 1.3cts during the week to $3.277 gallon. In Rocky Mountain PADD 4 States the average price of regular grade gasoline was at $2.671 gallon, down 1.7cts from the week prior and 29.2cts less than a year ago. (c) 2019 DTN. All rights reserved.