Tue Apr 27, 2010 2:25am IST
By Tom Doggett
WASHINGTON, April 26 (Reuters) - The U.S. retail price for retail gasoline fell in the latest week for the first time in four weeks, the Energy Department said on Monday, as lower crude oil costs were passed along at the pump.
The national average price for regular unleaded gasoline decreased 1.1 cents from the previous week to $2.85 a gallon, but remained up 80 cents from a year ago, the department's Energy Information Administration said in its weekly survey of service stations.
The price of crude oil was about $2 a barrel lower last week than it was the prior week. Crude oil makes up about 60 percent of the cost of gasoline.
In its weekly price survey, the EIA found the West Coast had the most expensive gasoline at $3.06 a gallon, down 0.2 cent. By city, Los Angeles had the highest price at $3.12, up 0.4 cent.
The Gulf Coast states had the lowest regional price at $2.73 a gallon, down 1.9 cents. Houston had the cheapest city pump price at $2.66, down 4.3 cents.
The agency said gasoline prices were up 1 cent at $3.08 in Seattle; down 1.3 cents at $3.07 in Chicago; up 2.2 cents at $2.95 in Miami; up 3.7 cents at $2.86 in New York; up 5 cents at $2.82 in Boston; down 6 cents at $2.77 in Cleveland and down 0.1 cent at $2.71 in Denver.
Separately, the average price for diesel fuel rose 0.4 cent to $3.08 a gallon, up 88 cents from a year ago, the EIA said.
The West Coast had the most expensive diesel at $3.21, up 0.8 cent. The lower Atlantic states had the cheapest diesel fuel at $3.03, down 0.8 cent. Once again, diesel cost more than $3 in every region of the country, according to the EIA.
(Reporting by Tom Doggett; Editing by David Gregorio)
Source: http://in.reuters.com/article/oilRpt/idINN2620941120100426?pageNumber=2&virtualBrandChannel=0
By Tom Doggett
WASHINGTON, April 26 (Reuters) - The U.S. retail price for retail gasoline fell in the latest week for the first time in four weeks, the Energy Department said on Monday, as lower crude oil costs were passed along at the pump.
The national average price for regular unleaded gasoline decreased 1.1 cents from the previous week to $2.85 a gallon, but remained up 80 cents from a year ago, the department's Energy Information Administration said in its weekly survey of service stations.
The price of crude oil was about $2 a barrel lower last week than it was the prior week. Crude oil makes up about 60 percent of the cost of gasoline.
In its weekly price survey, the EIA found the West Coast had the most expensive gasoline at $3.06 a gallon, down 0.2 cent. By city, Los Angeles had the highest price at $3.12, up 0.4 cent.
The Gulf Coast states had the lowest regional price at $2.73 a gallon, down 1.9 cents. Houston had the cheapest city pump price at $2.66, down 4.3 cents.
The agency said gasoline prices were up 1 cent at $3.08 in Seattle; down 1.3 cents at $3.07 in Chicago; up 2.2 cents at $2.95 in Miami; up 3.7 cents at $2.86 in New York; up 5 cents at $2.82 in Boston; down 6 cents at $2.77 in Cleveland and down 0.1 cent at $2.71 in Denver.
Separately, the average price for diesel fuel rose 0.4 cent to $3.08 a gallon, up 88 cents from a year ago, the EIA said.
The West Coast had the most expensive diesel at $3.21, up 0.8 cent. The lower Atlantic states had the cheapest diesel fuel at $3.03, down 0.8 cent. Once again, diesel cost more than $3 in every region of the country, according to the EIA.
(Reporting by Tom Doggett; Editing by David Gregorio)
Source: http://in.reuters.com/article/oilRpt/idINN2620941120100426?pageNumber=2&virtualBrandChannel=0
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