US Retail Gasoline Average Backs Off over 6-rs High
6/22 8:38 AM
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. (c) Copyright 2021 DTN, LLC. All rights reserved.