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- 13 Aug
US EIA Reporting
US EIA reports a $0.076 fuel price increase from last week.
In today’s Gasoline and Diesel Fuel Update, the US EIA reported regular unleaded retail fuel prices across the US increased for the 6th consecutive week, this time by $0.076 per gallon to $3.72. Fuel prices are now at levels last seen May 21, 2012. Unleaded regular fuel prices are now $0.117 per gallon higher than one year ago.
Retail gasoline prices increased everywhere tracked by the US EIA except the state of Ohio which saw a $0.126 per gallon drop, and the cities of Chicago and Cleveland which saw a $0.020 and a $0.102 per gallon drop, respectively.
The biggest fuel price increase was found in California at $0.228 per gallon, with a $0.28 increase in San Francisco and a $0.219 in Los Angeles.
From the fuel price management perspective, the Fuel Manager should use this data in their fuel price optimization software to optimize the gasoline pricing strategy in each of their markets.
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