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WASHINGTON -- The average price for a gallon of regular gas continued to fall last week, according to the latest figured by the Energy Information Administration (EIA) and cited by Reuters.
The national price for regular unleaded gasoline fell three cents to $2.61 a gallon, which is $1.50 a gallon less than the gas prices from a year ago, according to the EIA.
The agency also said last week gasoline prices may have peaked last month for the summer.
"Barring an unexpected supply interruption or international price shock, the June 22 price of $2.69 per gallon may be the highest weekly regular gasoline price for the summer of 2009," the agency said in its weekly report on the oil market, which was cited by Reuters.
Gasoline was most expensive on the West Coast at $2.89, down 2.3 cents. The Gulf Coast had the lowest regional price at $2.46, down 5.6 cents. San Francisco had the highest big city gas price at $2.97, down 1 cent, while Houston had the least expensive price at $2.38, down 4.6 cents, according to the report.
Meanwhile, the average price for diesel fell 1.4 cents to $2.59 a gallon, down $2.13 from a year earlier, the EIA reported.
Rollercoaster Gasoline Prices Take Fuel Margins on a Rough Ride