Retail Gasoline & Diesel Prices Increase For The Fifth Straight Week

The U.S. average retail price for a gallon of gasoline increased for the fifth straight week, advancing almost two cents versus last week to $3.07 per gallon, $0.41 per gallon higher than last year at this time. Prices on the Gulf Coast jumped two and a half cents, the largest increase in the country, followed by the Rocky Mountain region, where prices were over two cents higher. The East Coast, West Coast, and Midwest all saw gasoline prices rise under two cents, in line with the national average increase. Prices on the West Coast were the highest in the country at $3.24 per gallon, while prices in the Rocky Mountains were the lowest at $2.85 per gallon.

Diesel prices also advanced for five consecutive weeks, with the average retail diesel price increasing almost four cents per gallon. The national average for a gallon of diesel is now $3.33 per gallon, $0.53 higher than last year at this time. As with gasoline, prices on the Gulf Coast led the way, gaining a nickel versus last week. East Coast prices were up more than four cents. Diesel was more than three cents higher on the West Coast. Rounding out the gains for the week, both the Midwest and Rocky Mountains increased about two cents. This marks the thirteenth increase in the last fourteen weeks for the Rocky Mountains.

Source: U.S. Energy Information Administration

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