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USAC gasoline wholesale-pump price spread narrows 8 cents/gal: EIA, Platts

USAC gasoline wholesale-pump price spread narrows 8 cents/gal: EIA, Platts

The US Atlantic Coast wholesale gasoline-pump price spread narrowed 8 cents/gal Monday to the lowest level since early April, according to US Energy Information Administration data and Platts assessments. East Coast regular gasoline prices averaged $3.489/gal Monday, the EIA reported. That is 64 cents/gal more than the Platts average regular gasoline assessment the same day, down from a spread of 72 cents/gal one week ago, data showed. The spread has not been this narrow since hitting 55 cents/gal April 1. The wholesale-pump price spread has averaged 71 cents/gal in 2013 to date, compared with 67 cents/gal in 2012 and 73 cents/gal in 2011, data show. >>

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