US Retail Gasoline Prices Slip 2nd Week to $3.493 Gallon


   
   CRANBURY, N.J. (DTN) -- The national average price for gasoline sold at 
retail outlets across the Lower 48 States edged down 0.2cts to $3.493 gallon 
during the week-ended Monday, the Energy Information Administration reports, 
the second straight weekly decline after the U.S. average reached a $3.505 
gallon seven-year high.

   Regionally, retail gasoline prices were mixed, with price increases reported 
for both the PADD 1 East Coast, up 1.2cts to $3.348 gallon, and the PADD 5 West 
Coast, up 2.3cts to $4.192 gallon. Stripping out California, West Coast 
gasoline prices at retail outlets averaged $3.777 gallon, up 2.2cts from prior 
Monday, while $1.312 gallon above the comparable week a year ago.

   Gasoline prices in California increased 1.9cts to $4.551 gallon -- a 
nine-year high, and $1.526 gallon more than during the same week in 2020, 
following eight consecutive weeks with a gain in the state's average. In San 
Francisco, the retail gasoline average was unchanged on the week at $4.716 
gallon, the highest in the EIA's series, which goes back to June 2000, while 
$1.545 above the same week in 2020.

   Along the East Coast, gasoline prices in the PADD 1C Lower Atlantic states 
increased 2.3cts to $3.236 gallon, $1.275 gallon more than a year ago, while 
edged a fractional 0.1cts lower in the PADD 1B Central Atlantic states to 
$3.498 gallon, up $1.248 gallon from the same week in 2020. There was no change 
in the price average for PADD 1A New England states, with retail prices at 
$3.425 gallon, $1.348 gallon above the comparable week a year ago.

   In the PADD 2 Midwest, the retail gasoline price average fell 2cts to $3.198 
gallon, $1.258 above year ago, while down 4.1cts in the PADD 3 Gulf Coast to 
$3.03 gallon, also $1.258 more than year ago. In the PADD 4 Rocky Mountain 
region, the retail gasoline price average eased 1.9cts to $3.524 gallon, which 
is $1.347 gallon above the comparable week a year ago.




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