Gasoline Prices Fall While Diesel Prices March Upward

After rising for two weeks in a row, average gasoline prices across all grades fell over the past week to an average of $3.27 a gallon in the United States for the week ending Dec. 2, down $0.02 from the $3.29 posted in the prior week, the U.S. Energy Information Administration reports.

Source: Energy Information Administration.

Prices were also well below where they were for the same period last year, as the average price per gallon for the week ending Dec. 3, 2012, stood at $3.39. The year-over-year difference of $0.12 per gallon represents a roughly 4% decline in prices.

The Midwest saw the largest decline in prices over the most recent week, as prices fell by 2.2%, or $0.07. The Midwest now has the second-lowest prices in the country, behind only the Rocky Mountains region:

Source: Energy Information Administration. Figures are rounded. Change is from 11/25/13 to 12/2/13.

In total, there were an equal number of regions that saw prices rise and fall over the past week, with four areas seeing prices rise, the East Coast (by less than $0.01), New England, Central Atlantic, and West Coast regions, while the Lower Atlantic, Midwest, Gulf Coast, and Rocky Mountain regions all saw their prices fall. The West Coast without California saw prices drop slightly.

Diesel prices continued their upward trajectory for the second week in a row, as prices rose $0.04 to $3.88 per gallon in the U.S. However prices are about $0.15 lower than the $4.03 for the same week in 2012.

Source: Energy Information Administration.


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