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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