Retail Gasoline & Diesel Prices Up Again

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The U.S. average retail price for a gallon of gasoline saw a slight increase of less than a penny versus last week to remain at $2.98 per gallon, $0.39 per gallon higher than last year at this time. In a quiet week for gasoline prices, no major region moved more than half of a cent in either direction. The East Coast, Midwest, Gulf Coast, and Rocky Mountains all gained less than half of a cent. Moving in the other direction, the average West Coast price fell a fraction of a cent. Prices on the West Coast were the highest in the country at $3.19 per gallon, while prices in the Rocky Mountains were the lowest at $2.80 per gallon.

Diesel prices advanced this week with the U.S. retail average increasing almost two cents. The national average for a gallon of diesel is now $3.25 per gallon, $0.52 higher than last year at this time. Prices in the Midwest gained more than two cents versus last week, the most in the country, followed by the Gulf Coast which gained a full two cents. On the East Coast, the average diesel price was up a penny from last week. Rounding out the gains for the week, both the West Coast and Rocky Mountains increased half of a cent. This marks the eleventh increase in the last twelve weeks for the Rocky Mountains.

Source: U.S. Energy Information Administration



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