Gasoline and diesel fuel prices rise for fifth straight week

  • Gasoline and diesel fuel prices rise for fifth straight week

    The US Energy Information Administration (US EIA) reported the U.S. average retail fuel price for a gallon of gasoline increased for the fifth straight week, advancing almost two cents versus last week to $3.07 per gallon.

    That price is 41 cents more than the price a year ago, the EIA noted in the January 5 issue of “This Week in Petroleum.”

    Fuel 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 fuel 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 fuel prices also advanced for a fifth consecutive week, with the average retail diesel price increasing almost four cents per gallon, the EIA reported. The national average for a gallon of diesel is now $3.33 per gallon, 53 cents 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.

    This article appeared in National Petroleum News.

    Comments are closed.