The price of regular gasoline continued to decline over the holidays and reached an average of $2.266 per gallon for the week ending Dec. 31, which was 5.5 cents lower that the prior week, according to the U.S. Energy Information Administration.
A gallon of regular unleaded was 25.4 cents lower than a year ago, and saw its sharpest decline in the Midwest, where the average price fell 7.6 cents to $2.005. Gasoline in that region fell to 44.8 cents lower than a year ago. Other regions that saw at least a 5-cent price decline included the Lower Atlantic (5.2 cents to $2.097), Gulf Coast (5.5 cents to $1.926), and Rocky Mountain (5.6 cents to $2.429) regions tracked by the agency.
Meanwhile, the average price of a gallon of diesel fell 2.9 cents to $3.048 on the week, which is 7.5 cents higher than a year ago.