The U.S. average retail price of regular gasoline rose just over eight cents last week to reach $3.38 per gallon. The average price is about $0.29 per gallon higher than last year at this time. The Gulf Coast saw the largest increase at just over ten cents per gallon to put prices at $3.20 per gallon. The East Coast followed with an increase of just over nine cents per gallon to reach $3.41 per gallon. The Midwest saw an increase of almost nine cents per gallon, while the West Coast saw the smallest increase of six cents per gallon, but prices there remain the highest in the Nation at $3.61 per gallon. Going against the trend, the Rocky Mountain average price decreased about two cents per gallon to $3.01 per gallon.
The national average diesel price rose for the first time in seven weeks, increasing almost a nickel to $3.83 per gallon. The diesel price is $0.50 per gallon higher than last year at this time. Prices on the East Coast saw the largest regional increase at just over six cents per gallon to put prices at $3.91 per gallon. The Rocky Mountains saw the smallest increase (less than a penny per gallon) to reach $3.84 per gallon. The Midwest, Gulf Coast, and West Coast regional prices each increased about three, four, and five cents per gallon respectively. Prices on the West Coast remain the highest in the Nation at $4.03 per gallon.