The Car and Truck Fleet and Leasing Management Magazine

Gasoline Price Drops 8 Cents

August 05, 2007

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline dropped 8.2 cents to hit $2.876 per gallon, as of July 30. That's 12.8 cents lower than last year, the Energy Department's Energy Information Administration (EIA) reported. Prices fell for the second straight week, reaching the lowest national average price since April 23 of this year. All regions recorded price declines and all major regions were under the $3 mark for the first time since March 19, the EIA said. East Coast prices fell 5.4 cents to $2.870 per gallon. Midwest region prices decreased 13.6 cents this week to $2.848 per gallon, for a total drop of 32.4 cents per gallon in the past two weeks. Prices for the Gulf Coast were down 7.5 cents, settling at $2.792 per gallon, the lowest in the country. In the Rocky Mountain region, gasoline prices were $2.984 per gallon, down 5.4 cents but 4.5 cents per gallon above last year. West Coast prices, highest in the nation, decreased 5.4 cents to $2.997 per gallon. The average price for regular grade in California was 5.8 cents lower at $3.060 per gallon.Retail diesel prices were slightly lower at $2.886 per gallon, 0.3 cent less than the previous week's price. Diesel prices were 9.4 cents per gallon lower than at this time last year. Regional diesel prices were mixed, with East Coast prices dropping by 1.3 cents to $2.847 per gallon. In the Midwest, diesel prices rose 0.3 cent to $2.885 per gallon, while the Gulf Coast saw a decline of 0.7 cent to $2.808 per gallon. The Rocky Mountain region gained 1.5 cents, to settle at $3.003 per gallon. The West Coast diesel price dropped 0.3 cent to $3.058 per gallon. California diesel prices also fell, by 0.6 cent, to $3.152 per gallon --- 5.9 cents per gallon higher than at this time last year.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

Azure Dynamics Corporation is a  leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher