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- 26 Jan
Fuel Prices Increase For Eighth Straight Week
Fuel prices rose again for the eighth straight week, according to the US Energy Information Administration. The US national average retail fuel price of unleaded gasoline rose 1 cent to $3.11/gallon, while a gallon of midgrade remained the same at $3.22, and a gallon of premium rose one cent to $3.35.
The largest fuel price increases were in the Rocky Mountain region, where the average gallon of unleaded gas rose two cents to $2.91/gallon. That region still has the lowest fuel prices in the country, one of only two regions where unleaded remains below $3.00/gallon. The other region below $3.00/gallon is the Gulf Coast, where the average price of unleaded is $2.96.
As for individual states, Minnesota had the largest fuel price increase of the week at $.07/gallon for unleaded, with an average price of $3.16/gallon. Ohio led the states with the largest unleaded fuel price decrease, dropping four cents to $3.06/gallon. Texas was the only other state with a reported price decrease, where unleaded fuel dropped a penny to $2.95/gallon. California again has the highest fuel prices in the country where the average price for a gallon of unleaded is $3.35, up one cent from last week. New York state remains the second highest priced, where a gallon of unleaded is up a penny to $3.34/gallon.
Chicago reported the only local fuel price decrease in the country, where the price of unleaded dropped two cents to $3.22/gallon. Denver had the largest increase of any city in the country, where the price of unleaded rose four cents to $2.94/gallon.
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