Retail Gasoline Price Edges Upward

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The retail gasoline market saw a small gain on May 10, with the national average retail price for regular motor gasoline moving up nearly penny to $2.91 per gallon. This price is $0.67 above last year. Prices rose in four of the five principal regions of the country, with the exception being the Midwest where the price slipped a penny to $2.87 per gallon. The East Coast average climbed nearly two cents to $2.90 per gallon. On the Gulf Coast, the average price moved up a penny to $2.79 per gallon. The Rocky Mountain price went up more than a penny to $2.91 per gallon. The averages on the West Coast and in California rose two cents to $3.10 per gallon and $3.14 per gallon, respectively.

The national average price for diesel fuel increased a half cent to $3.13 per gallon, $0.91 cents higher than a year ago. The average price on the East Coast rose a penny to $3.14 per gallon. At $3.10 per gallon, the price in the Midwest increased more than a half cent. The averages on the Gulf Coast and in the Rocky Mountains, each moving up less than a half cent, were $3.09 per gallon and $3.17 per gallon, respectively. The West Coast price dropped a penny to $3.23 per gallon, while the average in California moved up a cent to $3.27 per gallon.

Source: U.S. Energy Information Administration



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