US regular retail gasoline price falls 9.2 cents to $3.509/gal: EIA

New York (Platts)--26Sep2011/500 pm EDT/2100 GMT

The average US retail price for regular gasoline dropped by 9.2 cents to $3.509/gal in the survey week ending Monday, according to Energy Information Administration data.

The national average is 81.5 cents higher than a year ago.

Retail prices fell in all US regions, with the biggest declines in the Midwest and Gulf Coast. The Midwest average fell 14.3 cents to $3.432/gal and the Gulf Coast average tumbled 10.3 cents to $3.309/gal, the EIA data show. The East Coast average dropped 7.9 cents to $3.507/gal.

The West Coast average remained the highest at $3.827/gal, after a 2.9-cent dip.

Rocky Mountain retail prices shed 2.5 cents to average $3.576/gal.

EIA each Monday publishes average US retail prices for all three grades of gasoline. The data is collected by telephone from a sample of 900 retail gasoline outlets. The reported price includes all taxes and is the pump price paid by a consumer as of 8 a.m. EDT Monday.

--Katharine Fraser, katharine_fraser@platts.com

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