Retail Gasoline & Diesel Prices Increase For The Seventh Straight Week

The U.S. average retail price for a gallon of gasoline increased for the seventh straight week, advancing a cent and a half versus last week to $3.10 per gallon, $0.37 per gallon higher than last year at this time. Prices in the Rocky Mountains jumped three cents, the largest increase in the country. On the West Coast, prices were up two and a half cents, while Gulf Coast gasoline prices also rose more than two cents. East Coast prices saw a rise equivalent to the national average increase. The smallest increase was in the Midwest, where prices were up half of a penny. Prices on the West Coast remained the highest in the country at $3.29 per gallon, while prices in the Rocky Mountains remained the lowest at $2.89 per gallon.

Diesel fuel prices surged more than seven cents, surpassing $3.40 per gallon for the first time since October 2008. At $3.41 per gallon, the price was $0.54 higher than last year at this time. Leading the way, prices on the East Coast were up more than eight cents, closely followed by the Gulf Coast increase, which was slightly more than eight cents. Diesel in the Midwest gained seven cents for the week. The West Coast saw a six-cent jump in prices. Rounding out the regions, Rocky Mountain prices increased four cents.

Source: U.S. Energy Information Administration

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