Weekly Gasoline Price Update: Regular and Premium Down Three Cents

It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were down three cents each from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.23 and Santa Barbara, CA is the most expensive city, averaging $3.31. Oklahoma has the cheapest at $2.17. The WTIC end of day spot price closed at 57.47, a 1.1% decrease from this time last week.

How far are we from the interim high prices of 2011 and the all-time highs of 2008? Here's a visual answer.

Weekly Gas Prices Since 2000

The next chart is a monthly chart overlay of West Texas Light Crude, Brent Crude, and unleaded gasoline end-of-day spot prices (GASO).

WTIC BRENT GASO

In this monthly chart, WTIC end of day spot price closed at 57.47, down 1.1% from this time last week.

WTIC