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USA: Fuel Prices Fall for Fourth Consecutive Week – EIA

The Energy Information Administration (EIA) has reported that the average price of gasoline and diesel has fallen for the fourth consecutive week, with regular gasoline dropping by over 7 cent to $3.43 per gallon. The price, however, is still $0.70 per gallon higher than this time last year.

Price declines were particularly acute in the mid-west, where gasoline fell nearly 11 cent per gallon. However, at $3.24 per gallon, the gulf coast still offers the cheapest fuel after a fall of seven cent. Prices are highest on the west coast at $3.78 per gallon.

Average diesel prices fell by just under 4 cent to $3.75 per gallon, $0.75 per gallon higher than the same period in 2010.