Tue Mar 30, 2010 2:08am BST
By Tom Doggett
WASHINGTON, March 29 (Reuters) - U.S. retail gasoline prices fell for the first time in six weeks, the Energy Department said on Monday.
The national average price for regular unleaded gasoline declined 2.1 cents over the last week to $2.80 a gallon, but was still up 75 cents from a year ago, the department's Energy Information Administration said in its weekly survey of service stations.
Pump prices last Monday hit their highest level since October 2008 on rising crude oil prices, which account for nearly 70 percent of the cost of gasoline. U.S. crude oil prices were down last week, even though they hovered around $80 a barrel.
In its weekly price survey, the agency found the West Coast had the most expensive gasoline at $3.04 a gallon, up 0.4 cent. By city, Los Angeles had the highest price at $3.11, down 1.4 cents.
The Gulf Coast states had the lowest regional price at $2.68 a gallon, down 1.2 cents. Houston had the cheapest city pump price at $2.64, up just 0.1 cent.
The agency also said gasoline prices were up 0.9 cent at $3.01 in Seattle; down 4.3 cents at $2.98 in Chicago; down 1.7 cents at $2.90 in Miami; down 0.3 cent at $2.76 in New York; down 5.5 cents at $2.74 in Cleveland; down 0.2 cent at $2.70 in Boston and up 1.4 cents at $2.67 in Denver.
Separately, the average price for diesel fuel fell 0.7 cent to $2.94 a gallon, up 72 cents from a year ago, the EIA said.
The central Atlantic states had the most expensive diesel at $3.08 a gallon, down 0.4 cent. The Gulf Coast region had the cheapest diesel fuel at $2.90, down 0.5 cent.
(Reporting by Tom Doggett; Editing by Bernard Orr)
Source: http://uk.reuters.com/article/idUKN2911587820100330?pageNumber=2&virtualBrandChannel=0
By Tom Doggett
WASHINGTON, March 29 (Reuters) - U.S. retail gasoline prices fell for the first time in six weeks, the Energy Department said on Monday.
The national average price for regular unleaded gasoline declined 2.1 cents over the last week to $2.80 a gallon, but was still up 75 cents from a year ago, the department's Energy Information Administration said in its weekly survey of service stations.
Pump prices last Monday hit their highest level since October 2008 on rising crude oil prices, which account for nearly 70 percent of the cost of gasoline. U.S. crude oil prices were down last week, even though they hovered around $80 a barrel.
In its weekly price survey, the agency found the West Coast had the most expensive gasoline at $3.04 a gallon, up 0.4 cent. By city, Los Angeles had the highest price at $3.11, down 1.4 cents.
The Gulf Coast states had the lowest regional price at $2.68 a gallon, down 1.2 cents. Houston had the cheapest city pump price at $2.64, up just 0.1 cent.
The agency also said gasoline prices were up 0.9 cent at $3.01 in Seattle; down 4.3 cents at $2.98 in Chicago; down 1.7 cents at $2.90 in Miami; down 0.3 cent at $2.76 in New York; down 5.5 cents at $2.74 in Cleveland; down 0.2 cent at $2.70 in Boston and up 1.4 cents at $2.67 in Denver.
Separately, the average price for diesel fuel fell 0.7 cent to $2.94 a gallon, up 72 cents from a year ago, the EIA said.
The central Atlantic states had the most expensive diesel at $3.08 a gallon, down 0.4 cent. The Gulf Coast region had the cheapest diesel fuel at $2.90, down 0.5 cent.
(Reporting by Tom Doggett; Editing by Bernard Orr)
Source: http://uk.reuters.com/article/idUKN2911587820100330?pageNumber=2&virtualBrandChannel=0
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