Gas Prices Continue to Drop, Down Two Cents from Last Week

FeelPic/iStockphoto/Thinkstock(NEW YORK) — Gas prices across the U.S. are down two cents from last week, the U.S. Energy Department says.

According to the latest figures from the U.S. Energy Information Administration, the average cost of a gallon of gas is just $2.04 this week. That figure is $1.25 lower than this date one year ago.

Gas remains most expensive on the West Coast, where the average gallon costs $2.32 — much higher than the Gulf Coast region, where the average price is $1.85, cheaper than any other region of the country.

California held onto its title as the most expensive state in which to buy gas, according to the EIA. The average gallon in the Golden State is $2.44. Of the states measured by the EIA, Colorado, Minnesota, Ohio and Texas all have gas selling for under $2 per gallon on average.

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