US Retail Gasoline Average Backs Off over 6-1/2yrs High


   
   OAKHURST, N.J. (DTN) -- The U.S. retail regular gasoline average eased off a 
level not seen since late October 2014, slipping for the first time in four 
weeks as of Monday (6/21) to $3.06 gallon, down 0.9cts, according to Energy 
Information Administration data.

   EIA data show the price is 93.1cts more than the corresponding week in 2020.

   The majority of major PADDs registered week-on-week declines, ranging from a 
0.3cts dip at the East Coast to $2.960 gallon to a decline of 2.8cts at the 
Gulf Coast PADD 3 to $2.726 gallon.

   The agency reports the regular retail gasoline price at the West Coast PADD 
5 added 0.8cts to $3.764 gallon, the highest price since the first week of 
September 2013, while the Rocky Mountain PADD 4 price point jumped 5.2cts to 
$3.268 gallon, the highest price since the week ended Oct. 13, 2014 when it was 
$3.343 gallon.




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