US retail gasoline prices hit a nine-week low last week, retreating from a five-week high reached the week prior, according to US Energy Information Administration (EIA) data released today.
US average retail gasoline prices shed 2.2¢/USG to $3.118/USG in the week ended 11 August, retreating from the prior week's five-week high of $3.14/USG and the lowest point since the week ended 9 June, when prices were $3.108/USG. US Gulf coast gasoline prices fell the furthest, dipping by 5.1¢/USG to $2.68/USG, which offset a 3.2¢/USG uptick to $3.159/USG in the Rocky Mountain region.
US retail ultra-low sulphur diesel (ULSD) prices slipped by 4.6¢/USG from the prior week to $3.754/USG. Average US prices fell to lows not seen since the week ended 7 July, when prices totaled $3.739/USG. Prices were down across all regions. In the US east coast, a 5¢/USG decline to $3.757/USG led losses in diesel prices nationwide
Compared to the same week last year, retail gasoline values decreased by 29.6¢/USG while retail diesel values have gained 5¢/USG.
| US average retail prices | $/USG | ||
| 11-Aug | 4-Aug | ± | |
| Regular gasoline ($/USG) | |||
| National Average | 3.118 | 3.140 | -0.022 |
| East Coast | 3.005 | 3.016 | -0.011 |
| Midcontinent | 2.997 | 3.043 | -0.046 |
| Gulf Coast | 2.680 | 2.731 | -0.051 |
| Rocky Mountain | 3.159 | 3.127 | 0.032 |
| West Coast | 4.032 | 4.023 | 0.009 |
| Diesel ($/USG) | |||
| National Average | 3.754 | 3.800 | -0.046 |
| East Coast | 3.757 | 3.807 | -0.050 |
| Midcontinent | 3.747 | 3.792 | -0.045 |
| Gulf Coast | 3.397 | 3.442 | -0.045 |
| Rocky Mountain | 3.776 | 3.793 | -0.017 |
| West Coast | 4.492 | 4.540 | -0.048 |
| Source: EIA |

