US regular gasoline slips 4.9 cts to $1.985/gal: EIA

Washington (Platts)--14Jun2004

The average price for US retail regular-grade gasoline has dropped for the
third straight week, sliding 4.9 cts over the past seven days to $1.985/gal,
the US Energy Information Administration reported Monday. Despite the drop,
which brought prices down from a high of $2.064/gal as of the week ended May
24, nationwide average pump prices were still 46.7 cts higher than the
corresponding week a year ago. Midwest regular prices fell the most
week-to-week, plummeting 9.3 cts to $1.882/gal. West Coast regional average
pump prices, the highest in the nation, dropped 3.3 cts for the week ended
June 14 to average $2.243/gal. East Coast retail prices slipped 2.7 cts to
average $1.999/gal. Gulf Coast prices dipped 2.8 cts to average $1.882/gal,
while Rocky Mountain prices dropped 2.4 ct to $1.982/gal.

This story was first published in Platts real-time news and market reporting
service Platts Global Alert
(http://www.platts.com/Oil/Real-Time%20Information/Global%20Alert/ ).

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