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November 13-15, 2005
Beijing, China

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December 13-15, 2005
Toronto, Ontario, Canada
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February 5-8, 200
San Diego, California
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February 20-22, 200
Las Vegas, Nevada, USA
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June 20-23, 200
Milwaukee, Wisconsin, USA

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Posted on  

November 6, 2001

Gasoline Pump Price Lowest Since Aug 1999

U.S. retail gasoline prices fell over the last week to their lowest level since the summer of 1999, dropping 2.9 cents to $1.206 a gallon, the Energy Department reported on Monday.

The latest national pump price is down 32 cents from a year ago, according to the Energy Information Administration's weekly survey of more than 800 service stations.

Drivers have not seen regular unleaded gasoline this cheap since the week of Aug. 9, 1999, according to EIA.

The price for gasoline has declined 32 cents a gallon since the Sept. 11 attacks, reflecting a drop in petroleum demand that has led to a rise in fuel supplies and cheaper crude oil.

The national average price for cleaner-burning reformulated gasoline, sold at about one-third of the stations in cities and smoggier areas, was down 3.9 cents to $1.28 a gallon.

The West Coast continued to have the most expensive gasoline in the nation, with prices in the region falling 4 cents a gallon to $1.432.

Motorists in the lower Atlantic states again had the cheapest fuel. Prices in that region were down 3.4 cents to $1.098 a gallon.

San Francisco kept its top spot among major cities in fuel costs, although gasoline prices fell 3.6 cents to $1.647 a gallon. Houston again had the best deal at the pump, with gasoline down 5.9 cents to $1.10 a gallon.

The report also showed gasoline prices in New York City down 3.9 cents to $1.305; down 6 cents in Los Angeles to $1.276; and down 5 cents in Chicago to $1.205.

Separately, the nationwide price for diesel fuel fell 1.9 cents to $1.291 a gallon, also down 32 cents from a year ago and the lowest level since late December 1999.

Truckers on the West Coast paid the most for diesel fuel at $1.391 a gallon, down 1.4 cents. The lower Atlantic states had the cheapest diesel at $1.222 a gallon, also down 1.4 cents.



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