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U.S. Energy Information Administration, Gasoline and Diesel Fuel Update

U.S. regular retail gasoline prices averaged $2.14 per gallon (/gal) in 2016, 29 cents/gal (12%) less than  in 2015 and the lowest annual average price since 2004. Lower crude oil prices in 2015 were the main cause of lower gasoline prices. In 9 of the 10 cities for which the U.S. Energy Information Administration (EIA) collects weekly retail price data, gasoline prices did not exceed $3.00/gal.