Retail Gasoline & Diesel Prices Increase

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The U.S. average retail price for a gallon of gasoline was higher for the third consecutive week, increasing almost 3 cents from last week to $2.89 per gallon, $0.26 per gallon higher than last year at this time. The East Coast saw the largest price increase in the country, with gasoline six cents higher than last week. Prices on the Gulf Coast were up four cents, followed by the West Coast where prices were up three cents. With an average price of $3.11 per gallon, the West Coast is the only region where the price is higher than the national average. Gasoline in the Rocky Mountain region was up a penny versus the week before. Prices in the Midwest moved in the opposite direction of the rest of the country, decreasing a penny from last week.

The average retail diesel price was up more than 6 cents versus last week, with the national average for a gallon of diesel now up to $3.18 per gallon, $0.39 per gallon higher than last year at this time. For the fifth week in a row, diesel increased the most in the Rocky Mountains, surging eight cents from the week before. The East Coast and the Gulf Coast regions both saw increases of about seven cents. Prices in the Midwest were up six and a half cents. On the West Coast, prices gained nearly six cents, rounding out a week when all of the regions saw diesel prices increase more than a nickel.

Source: U.S. Energy Information Administration

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