The U.S. average retail price of regular gasoline increased two cents this week to $3.74 per gallon, 16 cents per gallon higher than last year at this time. The largest increase came on the Gulf Coast, where the price is up six cents to $3.55 per gallon. The West Coast price is up five cents to $4.00 per gallon. The last time the West Coast price was at or above the $4-per-gallon mark was the week of June 11, 2012. In the Rocky Mountain region the average price is now $3.54, up four cents from last week, while on the East Coast the price is $3.71, up three cents from last week. Rounding out the regions, and going against the trend, the Midwest price declined three cents to $3.76 per gallon.
The national average diesel fuel price increased six cents to $4.03 per gallon, 22 cents per gallon higher than last year at this time. The last time the average U.S. diesel price was at or above $4 per gallon was the week of May 14, 2012, and prices are now above that mark in all regions except the Gulf Coast. Prices increased in all regions of the Nation, with the largest increase coming on the West Coast and in the Rocky Mountain region, each of which had prices increase ten cents, to $4.25 per gallon and $4.06 per gallon, respectively. The Gulf Coast price increased six cents to $3.91 per gallon. On the East Coast, the price is now $4.01 per gallon, up five cents from last week. Rounding out the regions, the Midwest price also increased five cents, to reach $4.02 per gallon.