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Gas Prices Drop For Fifth Consecutive Week
USAgNet - 05/10/2012

The U.S. average retail price of regular gasoline decreased 4 cents this week to $3.79 per gallon, 18 cents per gallon lower than last year at this time. This marks the fifth straight week of decline, with the average price down 15 cents since April 2.

The least expensive gasoline remains in the Gulf Coast for the third consecutive week, at $3.62 per gallon. The Midwest average price decreased about 3 cents to $3.72 per gallon, while the East Coast and Rocky Mountain prices both dropped to $3.76 per gallon. On the West Coast, the price increased by more than a cent to $4.14 per gallon, the most expensive in the Nation.

The national average diesel fuel price decreased by more than a penny to $4.06 per gallon, 5 cents per gallon lower than last year at this time. Prices dropped in all regions, with the Midwest and Gulf Coast prices the lowest in the Nation at $3.96 per gallon.

The Rocky Mountain regional average price fell more than 2 cents to $4.05 per gallon, while the East Coast price decreased 2 cents to $4.11 per gallon. Rounding out the regions, the average diesel price on the West Coast fell nearly 2 cents, but remains the highest in the Nation at $4.31 per gallon.

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