Average Retail Gas and Diesel Prices Fall
WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline dropped 1.4 cents to 219.7 cents per gallon as of Dec. 26. That's 40.6 cents higher than last year, according to the Energy Department's Energy Information Administration (EIA). Prices were lower throughout the country compared to the previous week, with the exception of the Central Atlantic region, which saw the average price rise by 1.1 cents per gallon. The Midwest region saw the largest average decline, with prices falling 2.4 cents per gallon between Dec. 19 and Dec. 26. The highest average regional price in the country was 226.9 cents per gallon in the Central Atlantic region, while the lowest average regional price was 211.3 cents per gallon in the Rocky Mountain region.Retail diesel fuel prices also fell 1.4 cents to reach 244.8 cents per gallon as of Dec. 26, which is 46.1 cents higher than last year, the EIA reported. Regional price changes were mostly down throughout the country compared to the previous week, with the exception of the West Coast which saw the average price rise by 1.8 cents per gallon, and the Rocky Mountain region where the average price was unchanged. Midwest prices fell by 2.3 cents, the largest regional price decline in the country. The highest regional price in the country was New England, where the average price was 264.3 cents per gallon, while the lowest regional price was found in the Rocky Mountain region, where the average price was 241.0 cents per gallon, the EIA said.