Weekly Gasoline Price Update: WTIC Down 7.6% from Last Week
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 up three and two cents, respectively, from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.37 and Los Angeles, CA is the most expensive city, averaging $3.44. Texas has the cheapest at $2.28. The WTIC end of day spot price closed at 59.29, a 7.6% decrease from this time last week and it's largest weekly loss since April 2017.
How far are we from the interim high prices of 2011 and the all-time highs of 2008? Here's a visual answer.
The next chart is a monthly chart overlay of West Texas Light Crude, Brent Crude, and unleaded gasoline end-of-day spot prices (GASO).
In this monthly chart, WTIC end of day spot price closed at 59.29, a 7.6% decrease from this time last week and it's largest weekly loss since April 2017.