While the dive in crude oil prices from more than $100 in June 2014 to a little over $50 this month has meant the cheapest gasoline prices since 2009, consumer spending from that windfall hasn’t outpaced deep cuts to the oil and gas sector.
Drivers on the East Coast, hooked up by pipelines to a bounty of supply from Texas and Louisiana refineries, are paying a record 88 cents a gallon less than their western counterparts, weekly Energy Information Administration data show.
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