Retail Gasoline & Diesel Prices Increase

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The U.S. average retail price for a gallon of gasoline increased for the second straight week, up more than two cents from last week to $2.98 per gallon, and $0.38 per gallon higher than last year at this time. West Coast gasoline prices increased more than three cents, the largest gain versus last week. West Coast gasoline remains the most expensive in the country at $3.19 per gallon. Prices on the East Coast and in the Rocky Mountains were up almost three cents, while prices on the Gulf Coast gained more than two cents. Rounding out the regions, the Midwest saw its average gasoline price increase a penny from last week.

Diesel prices also advanced this week as the average retail diesel price increased three cents. The national average for a gallon of diesel is now $3.23 per gallon, $0.48 higher than last year at this time. Prices on the East Coast gained the most, jumping more than four cents versus last week. The West Coast registered a full four-cent increase. As with gasoline, diesel is most expensive in the West Coast region at $3.36 per gallon. The Gulf Coast and Midwest both saw diesel prices rise three cents. The Rocky Mountain diesel price was a penny higher than last week, marking its tenth increase in the last eleven weeks.

Source: U.S. Energy Information Administration



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