Gas prices decline another week.
National retail fuel price averages
|
Price |
Change from last week |
| Regular gasoline/gallon |
$3.74 |
↓ .07 |
| Diesel fuel/gallon |
$4.21 |
↓ .15 |
Regional regular gasoline prices
|
Price |
Change from last week |
| East Coast |
$3.70 |
↓ .10 |
| -New England |
$3.73 |
↓ .11 |
| -Central Atlantic |
$3.73 |
↓ .11 |
| -Lower Atlantic |
$3.67 |
↓ .08 |
| Midwest |
$3.71 |
↓ .02 |
| Gulf Coast |
$3.60 |
↓ .09 |
| Rocky Mountain |
$3.89 |
↓ .07 |
| West Coast |
$3.98 |
↓ .08 |
| -California |
$4.04 |
↓ .08 |
Source: Energy Information Administration, 8/18/08
For more information on saving fuel see our reports on how to get the best gas mileage and where to find the cheapest gas.
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Posted by: Cale | Aug 18, 2008 6:16:02 PM
With gas prices down sharply, it will be interesting to see the new math when comparing hybrids (currently sold at MSRP and above) and traditional fuel efficient cars. I'll bet the pay off for current Prius buyers isn't as certain.
Posted by: David Miller | Aug 18, 2008 9:10:40 PM
I am so encouraged to see the price of gas fall! Hopefully this trend will continue.
Posted by: nikki | Aug 19, 2008 5:06:51 PM
i have often wondered what whappens to the gasoline that is in the hose, so it's left the pump, but it doesn't come through the pump handle and into your tank. do you pay for that gas but don't get it? where does the gas register?? is it when it leaves the pump BEFORE it goes into the hose or is it once it actually leaves the handle and goes into your car?? if it's after the pump before the handle how much gas do we as consumers lose per year??
Posted by: m j | Aug 25, 2008 7:31:51 AM
can someone explain to me why the gas stations increase their pump prices at the hint of oil going up a barrel and run to their marquee raising the price. THen when the barrel goes down you see a trickle of a decline. Their response is they bought the gas in their gas station tanks at a higher price so they have to continue charging more, but then when this gas is clearly used up the prices don't go down. mmmmmmmmmmm a racket at best.