Gasoline prices continue climbing

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The U.S. average retail price of regular gasoline jumped 13 cents to $3.72 per gallon, about 34 cents per gallon higher than last year at this time. Prices were up across all regions, with the largest increase coming on the West Coast for the second consecutive week. The California price has surged more than 45 cents per gallon over the last two weeks. The Rocky Mountain price increased almost 10 cents to reach $3.20 per gallon, but remains the lowest regional average price in the Nation. Moving eastward, the Gulf Coast average price is $3.56 per gallon, and in the Midwest regular gasoline averages $3.62 per gallon. The East Coast price is the closest it has been all year to the national average, at $3.74 per gallon.

The national average diesel fuel price increased just over 9 cents to reach $4.05 per gallon, 34 cents per gallon higher than last year at this time. This is the first time since EIA started collecting data that the National diesel price has reached the $4 per gallon mark in February. The last time the national average retail diesel fuel price exceeded $4 per gallon was the week of November 21, 2011. The West Coast saw the largest increase in the Nation, as prices increased just over 16 cents to $4.33 per gallon. The East Coast price averaged $4.13 per gallon, and the Gulf Coast price hovered just under the $4 mark at $3.99 per gallon. Rocky Mountain and Midwest prices remain in close proximity at $3.92 and $3.91 per gallon, respectively.



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