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U.S. gasoline prices, continuing a recent decline from highs reached in early April, fell 3.7 cents to $1.437 per gallon in the latest week, the Energy Department said yesterday.
The agency's weekly survey, based on the Energy Information Administration's poll of 800 service stations nationwide, shows prices down 15.6 cents from the same time a year ago.
Consumers on the West Coast continued to pay the most for gasoline at $1.727 even as prices declined 3 cents from a week ago. Prices in the Midwest, which tend to be more volatile, were the lowest in the U.S. at $1.293, a decline of 2.7 cents.
Among major cities, San Francisco posted the highest at $1.926, a decline of 2 cents, while Chicago had the lowest prices at $1.350 per gallon, down 8.8 cents.
The price for a gallon of diesel fell 1.5 cents in the week to $1.392, down 5.7 cents from a year ago. Truckers on the West Coast continued to pay the most for diesel with prices averaging $1.532, down 2.3 cents from a week ago. Prices in the lower Atlantic remained the lowest at $1.337, down 1.9 cents.