The Car and Truck Fleet and Leasing Management Magazine

Retail Gasoline Price Drops 1.8 Cents

February 20, 2008

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline slipped 1.8 cents lower to $2.96 cents per gallon as of Feb. 11 -- the lowest price since late October and 71.9 cents higher than the price a year ago.

On a regional basis, prices  --- with the exception of the West Coast --- were down from the previous report, according to the Energy Department's Energy Information Administration (EIA). Prices on the East Coast fell 2.8 cents to $2.977 per gallon. This was the lowest price since early November and 78.8 cents per gallon above the price a year ago.

The Midwest price dropped 2.0 cents to $2.942 per gallon, 71.8 cents per gallon more than last year. The Gulf Coast price, the lowest on a regional basis, fell by 2.1 cents to $2.851 per gallon. The Rocky Mountain price fell by 0.6 cent to $2.935 per gallon.

Prices on the West Coast remained the highest on a regional basis as the price increased slightly, moving up by 0.5 cent per gallon to $3.060 per gallon. The average price for regular grade in California moved up slightly by 0.1 cent to $3.108 per gallon, 47.6 cents above the price a year ago, EIA reported.

On a national basis, the retail diesel fuel price was unchanged from the previous period at $3.280 per gallon. This was 80.4 cents per gallon higher than a year ago.

Regionally, diesel prices were mixed, as the price on the East Coast dropped by 1.4 cents to $3.324 per gallon. This was the lowest price in the region since early November and 85.9 cents per gallon higher than the price a year ago.

The diesel price in the Midwest increased by 0.6 cent to $3.249 per gallon, 82.0 cents above a year ago. On a regional basis, the diesel price in the Gulf Coast was the lowest in the country. The price there fell by 0.8 cent to $3.239 per gallon, 84.5 cents above the level a year ago.

Diesel prices in the western portions of the country increased, with the price in the Rocky Mountains moving up slightly, by 0.4 cent, to $3.264 per gallon. That's 74.7 cents above the price a year ago.

On the West Coast, the average diesel price increased by 2.2 cents to $3.347 per gallon, 57.0 cents higher than the price a year ago. The diesel price in California increased by 1.6 cents to $3.393 per gallon, 48.8 cents more than a year earlier.


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 Management And Leasing

Merchants Experts will answer your questions and challenges

View All
Sponsored by

Warren E. Avis founded Avis Rent a Car.

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