The Car and Truck Fleet and Leasing Management Magazine

Aug. 13 Report: Average Gasoline Price Drops to $3.809

August 14, 2008

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline fell for the fifth consecutive week, sliding another 7.1 cents to hit $3.809 per gallon, according to a weekly report released by the Energy Department on Aug. 13. That's a cumulative loss of 30.5 cents from the all-time high of July 7, the department's Energy Information Administration (EIA) noted.

Falling more than any other region, the price on the East Coast plunged 8.9 cents to $3.799 per gallon. The smallest drop of any region -- 4.1 cents -- was in the Midwest where the price slipped to $3.731 per gallon.

The Gulf Coast price, dropping 8.1 cents to $3.685 per gallon, remained the lowest regional price. The price in the Rocky Mountain region fell 5.3 cents to $3.953 per gallon.

The West Coast price dropped 8.3 cents to $4.057 per gallon, a cumulative plunge of 40.3 cents from the all-time high in the region set on June 23. The average price in California retreated another 8.7 cents to $4.118 per gallon, the EIA reported.

 

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