EIA: US Retail Gasoline DN 1.5cts in Week at $2.489 Gallon
10/16 4:49 PM
EIA: US Retail Gasoline DN 1.5cts in Week at $2.489 Gallon HOUSTON (DTN) -- The Energy Information Administration reported the average price of regular grade gasoline in the United States dropped 1.5cts in the week-ended Oct. 16 to $2.489 gallon, the lowest price in seven weeks. The average price of retail gasoline in the United States was up 23.2cts from the same time in 2016, according to EIA data. The retail average fell in every major region of the United States during the week with the exception of the Midwest PADD 2 states where the price point rose 4.2cts to $2.375 gallon, which was up 22.0cts from the same time last year. Motorists in Ohio saw the average at-pump cost surge 15.7cts in the week to $2.385 gallon while in Minnesota the price moved 1.3cts higher at $2.361 gallon. In Cleveland the average price of regular grade gasoline was up 0.7cts at $2.291 gallon and in Chicago the price point jumped 8.2cts to $2.544 gallon. In East Coast PADD 1 states the retail average slid 5.2cts in the week to $2.470 gallon, up 23.3cts from the same time in 2016. Motorists in New England paid $2.580 gallon, down 2.7cts in the week but 33.3cts higher year-over-year, and the price point decreased 4.0cts in the Central Atlantic states to $2.561 gallon. New York consumers saw the average at-pump cost move 4.6cts lower to $2.537 gallon. In the Lower Atlantic states, the retail average dropped 6.8cts during the week to $2.369 gallon as Florida motorists saw the price point plunge 7.5cts to $2.393 gallon. In Gulf Coast PADD 3 states the average price of regular grade gasoline fell 5.4cts during the week-ended Monday to $2.262 gallon, which was down 21.9cts from the same time in 2016. In Houston the retail average moved 7.8cts lower at $2.203 gallon. Consumers in West Coast PADD 5 saw the average price of regular grade gasoline edged 0.9cts lower in the week to $2.938 gallon as California motorists paid $3.077 gallon, down 0.6cts from the week prior but up 27.2cts year-over-year. In Rocky Mountain PADD 4 states the retail average slid 1.6cts during the week at $2.526 gallon, which was up 25.7cts from the same time last year. Colorado motorists saw the average price of regular grade gasoline move 1.5cts lower to $2.418 gallon. (c) 2017 DTN. All rights reserved.