US regular retail gasoline price falls 6.6 cents to $3.542/gal: EIA

New York (Platts)--15Apr2013/553 pm EDT/2153 GMT

The average US retail price for regular grade gasoline dropped 6.6 cents to $3.542/gal in the survey week ending Monday, the Energy Information Administration said.

With that decline, the national average is 3.8 cents lower than that of the corresponding survey week a year ago.

Retail gasoline prices fell in all regions of the country over the latest survey week, with the largest decline seen in the Midwest, where the average dropped 9.7 cents to $3.456/gal. The second-biggest drop among regions was a 7.1-cent decline to $3.363/gal in the Gulf Coast average.

The East Coast average fell 6.6 cents to $3.542/gal and the West Coast average dipped 4 cents to $3.888/gal. The Rocky Mountain average slipped 1.6 cents to $3.507/gal.

EIA on Monday publishes average US retail prices for all three grades of gasoline. The data is collected by telephone from a sample of 800 retail gasoline outlets. The reported price includes all taxes and is the pump price a consumer paid as of 8 a.m. EDT (1200 GMT) Monday.

--Katharine Fraser, katharine_fraser@platts.com --Edited by Richard Rubin, richard_rubin@platts.com

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