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November 17, 2008

Average gas prices—November 17, 2008

Gasoline and diesel prices continue to drop from the week before. The national gasoline average is now more than a dollar cents below the price this time last year—$1.03. Diesel fuel is now 60.1 cents below this time last year.

 National retail fuel price averages

Price Change from last week
Regular gasoline/gallon $2.07  .15
Diesel fuel/gallon $2.81   .14

Regional regular gasoline prices

Price Change from last week
East Coast $2.11  .16
  -New England $2.12  .17
  -Central Atlantic $2.21  .18
  -Lower Atlantic $2.04  .14
Midwest $1.93  .13
Gulf Coast $1.96  .14
Rocky Mountain $2.03 .22
West Coast $2.36 .18
  -California $2.37 .18

Source:
Energy Information Administration, 11/17/08. 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.

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Comments

I am enjoying these low gas prices. I had to cut back on my Starbucks when gas was so high. Currently am enjoying the coffee indulgence.

I bought an HONDA ACCORD LX-V6 2004 on January 2005 and it was only 89 miles. few days ago it reached 100K miles and suddenly the transmission gave up. Should I repare the car and then sell it or just keep it? Thank you in advance for your advices!!!

I would keep it. The current economy is a definite buyer's market, and getting the vehicle's true worth in a sale or trade could be difficult; however, the same could be said about buying a new car for a cheaper than average price.

In either case, I would get it fixed, and hold onto it for at least a few more months.

I would like to know at what point will companies drop their fuel surcharge, or will they keep them and use this to help their bottom line?

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