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Gas prices ease from previous week
With oil climbing, prices at the pump fall, highlighted by a 2% dip in California.
August 17, 2004: 10:33 AM EDT

NEW YORK (CNN/Money) - While oil prices set record high prices over the last week, gasoline prices fell slightly across the United States, highlighted by a drop of nearly 2 percent in California, a government agency reported.

The price for a regular gallon of unleaded gas fell 0.2 cents to average $1.875 last week, according to the Energy Information Administration (EIA). Last week's drop chipped away at a gain of almost 25 cents compared to a year earlier, the EIA reported Monday.

Prices remained highest on the West Coast, and in particular California, which averaged $2.055 a gallon last week. That was down 3.7 cents from the previous week, but up from 13.5 cents from a year ago.

New England and the Central Atlantic states also reported high prices of $1.92 per gallon, down about a cent from the previous week.

The Midwest and Gulf states were the only regions to report price gains last week, with the Midwest posting a 1.5 cent rise and Gulf states rising 0.2 cents, according to the EIA.

Crude oil prices reached a record of above $46 a barrel last week, and some experts think it's only a matter of time before prices at the pump follow.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.