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Posted August 29, 2014Today in Energy

U.S. retail gasoline prices fall as Labor Day approaches ›

The U.S. average retail price for regular gasoline was $3.45/gallon (gal) on August 25, the lowest price on the Monday before Labor Day since 2010. The average price at the pump is now $0.25/gal lower than it was at the end of June. Lower North Sea Brent crude oil prices are the main driver of the decline in gasoline prices; the current Brent price is lower than it was last month, and lower than Labor Day weekend last year. More


Source: EIA, Gasoline and Diesel Fuel Update

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Data Highlights

WTI crude oil futures price

8/27/2014: $93.88/bbl

down$2.19 from week earlier
down$15.13 from year earlier

Natural gas futures price

8/27/2014: $3.957/mmBtu

up$0.134 from week earlier
up$0.423 from year earlier

Weekly coal production

8/23/2014: 19.376 million tons

down0.255 million tons from week earlier
down0.732 million tons from year earlier

Natural gas inventories

8/22/2014: 2,630 Bcf

up75 Bcf from week earlier
down490 Bcf from year earlier

Crude oil inventories

8/22/2014: 360.5 mmbbl

down2.1 mmbbl from week earlier
down1.6 mmbbl from year earlier

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