Retail gasoline prices fall in latest week

Reuters US Online Report Domestic News | 2010-01-25 21:04:29

<div><p>WASHINGTON (Reuters) - U.S. retail gasoline prices fell again in the latest week from the previous week but remained sharply up from the same week last year, the U.S. Energy Department said on Monday.</p><p>The average national price for regular unleaded gasoline fell 3.4 cents in the week ended Monday, Jan 25, to $2.71 a gallon, the Energy Department said. It was the second consecutive weekly decline in gasoline costs.</p><p>U.S. gasoline prices were still up 86.7 cents from a year ago, the department's Energy Information Administration said in its weekly survey of service stations.</p><p>The EIA found that gasoline prices were most expensive on the West Coast at $2.94, down 1.3 cents from a week earlier. The big city with the highest gasoline price was Los Angeles at $3.05 a gallon, down 2.2 cents.</p><p>The Gulf Coast had the cheapest regional gasoline at $2.59, down 3 cents from a week ago. Denver and Houston both had the lowest gasoline price at $2.53.</p><p>The agency also said gasoline prices were down 2.2 cents at $2.70 in Boston; down 4.7 cents at $2.80 in Chicago; down 6.3 cents at $2.64 in Cleveland; down 2.3 cents at $2.83 in Miami; down 2 cents at $2.75 in New York City; down 1.5 cents at $3.03 in San Francisco; down 2.5 cents at $2.85 in Seattle.</p><p>Separately, diesel fuel prices fell 3.7 cents to an average of $2.83 a gallon, up 56.5 cents from a year earlier.</p><p>New England had the most expensive diesel at $3.06 a gallon, down 1 cent from a week ago. The Midwest had the cheapest diesel at $2.79, down 4.4 cents.</p><p>(Reporting by Ayesha Rascoe; Editing by David Gregorio)</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=67771148&bid=informcom" /></div><div id="copyright"><div>


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