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October 6, 2008

Average gas prices—October 6, 2008

Coast to coast, gasoline and diesel prices dropped from last week. The national gasoline average is 71.4 cents above the price this time last year.

National retail fuel price averages

Price Change from last week
Regular gasoline/gallon $3.48  .15
Diesel fuel/gallon $3.88   .08

Regional regular gasoline prices

Price Change from last week
East Coast $3.54  .12
  -New England $3.39  .14
  -Central Atlantic $3.44  .12
  -Lower Atlantic $3.67  .11
Midwest $3.39  .22
Gulf Coast $3.44  .16
Rocky Mountain $3.50 .10
West Coast $3.57 .07
  -California $3.60 .07

Source: Energy Information Administration, 10/6/08. Figures rounded to the nearest cent.

For more information on saving fuel see our reports on how to get the best gas mileage and where to find the cheapest gas.

Comments

Question: Why are gas prices still so high? Prices closed at $88 a barrel today for the first time since January. National average per gallon is $3.48.

Check out this graph:

http://www.wtrg.com/daily/clfclose.gif

Yet, gas prices are still $0.50 higher than they were at that time (January 28, 2008).

http://blogs.consumerreports.org/cars/2008/01/us-gas-prices-2.html

It is nice to see gas prices are down, but they still are to high and do not reflect the decrease of $88 a barrel. Does anyone get this kind of math?

Steve P., I've said many times we are being ripped off and no one does anything about it. The cost is what they want to charge you. Every time theres a storm in the US prices go up yet we are told we get 90+% of the oil from overseas. Prices go up even when supply shortages in the US are off set by tapping our strategic reserves. I say get off of gas and make cars that run on a combination of four power sources primarily the free ones--solar and wind.

The major jump up in the Marketing and distribution charges are the big deal in gas prices as of Oct. 20, 2008 They have jumped from the teens 15% to 18% to over 40% this is do to greed and a need to make back all the money they didn't make when we drive less. The one way to keep hitting back is to keep off the roads and don't drive unless you have too.

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