Gasoline price increases four cents per gallon

The U.S. average retail price of regular gasoline increased just over four cents to $3.48 per gallon. The average price is about $0.35 per gallon higher than last year at this time. Prices were up across all regions with the largest increase occurring in the Midwest, where prices increased six cents to $3.41 per gallon. Gulf Coast prices rose almost six cents to $3.35 per gallon. East Coast prices increased three cents per gallon, while Rocky Mountains prices were up four cents per gallon. West Coast prices rose two cents per gallon (the smallest regional increase), but prices there remain the highest in the Nation at $3.67 per gallon.

The national average diesel price increased less than one cent to $3.86 per gallon. The diesel price is $0.34 per gallon higher than last year at this time. Prices on the East Coast, Gulf Coast, Rocky Mountains, and West Coast all changed by less than a penny per gallon, but the Gulf Coast was the only major region that showed a price decrease. Midwest prices were up less than two cents to $3.75 per gallon. West Coast prices, which are the highest in the Nation, remained above the $4 per gallon mark for the fifth week in a row at $4.04 per gallon.