U.S. Gasoline Prices Decline for 8th Week
Cheaper crude oil brought more relief at the gas pump as the U.S. average price for self-serve regular gasoline fell 2.2 cents a gallon to $1.491, the Energy Department said Monday.
In California, the average price plunged 6.1 cents a gallon to $1.867, according to a survey of more than 900 service stations nationwide conducted each week by the Energy Information Administration, the Energy Department’s statistical arm.
The decline in the U.S. average price was the eighth in a row but was not seen everywhere. In the Midwest, prices rose nearly a penny a gallon to $1.413 as parts of the region struggled through an annual switch to a summer blend of gasoline using ethanol as an oxygen-boosting additive to meet anti-pollution requirements.
The U.S. average price still is 10.3 cents higher than this time last year, and the California price is 29.6 cents higher. The U.S. average peaked at $1.752 a gallon and the California average peaked at $2.145 a gallon, both in the March 17 survey.
In the latest survey, the average price in Los Angeles was $1.863 a gallon.
The average in San Francisco was $1.925.
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