USAC gasoline wholesale-pump price spread narrows 8 cents/gal: EIA,
Platts
Houston (Platts)--20May2013/548 pm EDT/2148 GMT
The US Atlantic Coast wholesale gasoline-pump price spread narrowed 8
cents/gal Monday to the lowest level since early April, according to US
Energy Information Administration data and Platts assessments.
East Coast regular gasoline prices averaged $3.489/gal Monday, the EIA
reported.
That is 64 cents/gal more than the Platts average regular gasoline
assessment the same day, down from a spread of 72 cents/gal one week
ago, data showed.
The spread has not been this narrow since hitting 55 cents/gal April 1.
The wholesale-pump price spread has averaged 71 cents/gal in 2013 to
date, compared with 67 cents/gal in 2012 and 73 cents/gal in 2011, data
show.
--John-Laurent Tronche,
john-laurent.tronche@platts.com
--Edited by Derek Sands,
derek.sands@platts.com
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