Average Gas Price Falls to $3.684 per Gallon

Gas prices are down a bit this week, according to an Energy Information Administration report (link opens as PDF) released Monday.

Retail regular gasoline prices clocked in at a national average of $3.684 per gallon for May 5, $0.029 below last week's price tag. Midwest prices dropped the most by far ($0.067), while the Rocky Mountain region saw a $0.019 increase in gas prices. The West Coast is the only region averaging more than $4 per gallon of gas in the most recent week.

Compared to a year ago, pump prices are up $0.146. 

Source: EIA.gov. 

For the same period, average retail diesel prices fell $0.011 for a national average of $3.964 per gallon. On a regional basis, Midwest prices also made the deepest $0.012 dip, while Rocky Mountain prices eased down just $0.004 per gallon.

Over the past year, diesel prices have increased $0.119. 

Source: EIA.gov 

At these latest prices, the West Coast pays the prettiest penny for gasoline ($4.055), while East Coast dishes out $4.055 for diesel. On the other end, the Gulf Coast can guzzle gas for just $3.465 and diesel for $3.813 per gallon.

The article Average Gas Price Falls to $3.684 per Gallon originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story