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Posted August 30, 2019 Today in Energy

U.S. retail gasoline prices heading into Labor Day are lower than last year ›

The U.S. average retail price for all formulations of regular gasoline on August 26, 2019, was $2.57 per gallon (gal), 25 cents/gal (9%) lower than the price at the same time last year. This drop in the gasoline price is a result of lower North Sea Brent crude oil prices (a global benchmark for crude oil and the most relevant determinant of U.S. gasoline prices), less gasoline demand, and higher gasoline inventories. More ›

weekly U.S. average regular retail gasoline price

Source: EIA, Gasoline and Diesel Fuel Update

Data Highlights

WTI crude oil futures price

8/29/2019: $56.71/barrel

up$1.36 from week earlier
down$12.80 from year earlier

Natural gas futures price

8/29/2019: $2.296/MMBtu

up$0.137 from week earlier
down$0.599 from year earlier

Weekly coal production

8/24/2019: 13.934 million tons

down0.709 million tons from week earlier
down1.525 million tons from year earlier

Natural gas inventories

8/23/2019: 2,857 Bcf

up60 Bcf from week earlier
up363 Bcf from year earlier

Crude oil inventories

8/23/2019: 427.8 million barrels

down10.0 million barrels from week earlier
up22.0 million barrels from year earlier

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