Fuel costs continued to fall across the United States during the past week, according to the weekly fuel survey by the Energy Information Administration. The price of a gallon of gasoline fell in all regions of the United States during the past week, settling at about $3.54 per gallong, down just over 6-cents per gallon nationwide. The lowest cost of gasline was to be found along America’s Gulf Coast, where the average price of a gallon of unleaded gasoline was down to $3.36, while the West Coast continued to endure prices nearly the $3.90 per gallon mark.
Diesel prices also continued to fall during the past week as the average price of a gallon of fuel slipped to $3.94 per gallon, down about 4-cents from the previous week. Like unleaded gasoline, the highest prices for diesel are still to be found on the West Coast and in California, where the average price of diesel remains over $4.00 per gallon, with the price in California at about $4.15, on average.
The cost of gasoline and diesel is now, in some areas of the United States, close to where it was at the beginning of 2013, right before the prices began spiking due to reduced refinery capacity, despite a glut of crude inventories on the market. The best news about gas prices can be found when comparing the rates to a year ago. The price of gas is down by as much as 44-cents per gallon, in some areas, versus the same period in 2012.
However, truckers and other drivers of diesel cars are finding they are not ennoying the same year-over-year price break, with most areas of the country witnesses diesel prices down anywhere from 10-cents per gallon in the Midwest to only 37-cents per gallon along the West Coast of the U.S.