Gas Prices Fall
Tuesday, February 7th, 2006
Unleaded fuel costs still 43 cents higher compared with year-ago figures
U.S. gasoline futures fell on Monday at the New York Mercantile Exchange, as traders feared another build in weekly gasoline inventories would be reported by the government on Wednesday morning. It would be the sixth consecutive weekly increase in motor fuel stocks.
In the EIA’s latest weekly survey, the West Coast had the most expensive regional gasoline, with the price up 2.2 cents at $2.48 a gallon. Los Angeles topped the survey of cities, with gasoline up 3.4 cents at $2.57 a gallon.
The Rocky Mountain states had the cheapest gasoline at $2.24 a gallon, up half a penny. Among major cities, Denver had the cheapest fuel, down 1.2 cents at $2.21 a gallon.
The EIA report also showed prices, rounded to the nearest penny, unchanged at $2.47 in Miami, down 2.9 cents at $2.41 in New York City; down 2.7 cents at $2.34 in Boston; up 0.3 cent at $2.33 in Chicago; up 0.4 cent at $2.30 in Seattle; down 1.6 cents at $2.28 in Cleveland; and down 1.2 cents at $2.21 in Houston.
Separately, the average diesel fuel price paid by truckers increased a penny over the last week to $2.50 a gallon, the highest level since Nov. 24 and up 52 cents from a year earlier, the EIA said.
Truckers in the New England region again paid the most for diesel at $2.66 a gallon, down a slight 0.2 cent from last week. The Midwest states had the cheapest diesel at $2.45 a gallon, up 1.4 cents.
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