Gasoline Prices Below $2/Gallon In Parts Of US

HOUSTON (AP) – New government statistics show gasoline prices continue to tumble, falling more than 25 cents in the past week to a national average of $2.656 a gallon.

They’ve now fallen nearly 50 cents in the past two weeks and are down almost 22 cents from a year ago.

A report released Monday afternoon by the U.S. Energy Information Administration showed the Gulf Coast had the cheapest prices with an average of $2.46 a gallon, down 27.4 cents in the past week. The Midwest was next lowest at $2.497, followed by the East Coast ($2.684), the Rocky Mountain region ($2.762) and the West Coast ($3.05).

Nationally, the average selling price for diesel fuel was $3.288, down 19.4 cents in the past week, the EIA reported.

By JOHN PORRETTO, AP Business Writer

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