The Car and Truck Fleet and Leasing Management Magazine

Dec. 10 Report: Average Gasoline Price Lowest Since Feb. 2004

December 12, 2008

WASHINGTON, D.C. --- The national average price of regular gasoline dropped 11.2 cents to $1.699 per gallon, $1.301 below the price a year ago and the lowest price since Feb. 23, 2004, according to the Energy Information Administration's weekly report issued Dec. 10.

The price was $2.415 below the all-time high set on July 7 of this year. The average price on the East Coast slipped 10.3 cents to $1.757 per gallon. At $1.602 per gallon, the price in the Midwest remained the lowest of any region.

The average price on the Gulf Coast declined 9.3 cents to $1.639 per gallon -- the smallest drop of any region. In the Rocky Mountains, the price fell 11.5 cents to $1.623 per gallon.

The price on the West Coast plunged 14.3 cents -- the most of any region -- to hit $1.829 per gallon. In California, the price tumbled 15 cents to $1.805 per gallon, the lowest there since February 2004.

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