Average Gas Price Falls to $3.684 per Gallon

The West Coast is the only region paying more than $4 per gallon of gas.

May 6, 2014 at 9:51AM

Gas prices are down a bit this week, according to an Energy Information Administration report (link opens as PDF) released Monday.

Retail regular gasoline prices clocked in at a national average of $3.684 per gallon for May 5, $0.029 below last week's price tag. Midwest prices dropped the most by far ($0.067), while the Rocky Mountain region saw a $0.019 increase in gas prices. The West Coast is the only region averaging more than $4 per gallon of gas in the most recent week.

Compared to a year ago, pump prices are up $0.146. 

Gas Prices

Source: EIA.gov. 

For the same period, average retail diesel prices fell $0.011 for a national average of $3.964 per gallon. On a regional basis, Midwest prices also made the deepest $0.012 dip, while Rocky Mountain prices eased down just $0.004 per gallon.

Over the past year, diesel prices have increased $0.119. 


Source: EIA.gov 

At these latest prices, the West Coast pays the prettiest penny for gasoline ($4.055), while East Coast dishes out $4.055 for diesel. On the other end, the Gulf Coast can guzzle gas for just $3.465 and diesel for $3.813 per gallon.

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

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This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

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KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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