US EIA reports national average fuel prices drop 3rd week in a row

  • US EIA reports national average fuel prices drop 3rd week in a row

    In today’s edition of the US Energy Information Administration’s “This Week In Petroleum” report, the US EIA reported a drop in US average fuel prices for the third consecutive week. The cumulative drop across the country for these three weeks is almost $.18 for regular unleaded, which now averages $2.72 per gallon.

    This week regular unleaded fuel dropped $.06 on average, which is still priced $.20 per gallon higher than last year at this time. Prices dropped in all regions of the country, with the East Coast and Midwest dropping the most at $.07 per gallon. On the West Coast, fuel prices dropped $.03 bringing the average to $2.98. The last time averages were below $3.00 on the West Coast was back in March 2010. California averages also dropped $.03 but still remained above $3.00 with an average price of $3.02 per gallon.

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