Average Retail Gasoline Price Rises 1.6 Cents
WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline increased by 1.6 cents last week to reach $2.989 per gallon as of July 17. That's 67.2 cents higher than last year, reported the Energy Department's Energy Information Administration (EIA).
Prices rose for the third week in a row, reaching the highest weekly price since Sept. 5, 2005. East Coast prices rose 1.8 cents, the largest regional price increase, to $2.980 per gallon. West Coast prices remained the highest in the nation, adding 1.4 cents to $3.149 per gallon, the EIA reported. California prices were up 1.6 cents to $3.240 per gallon.
Retail diesel fuel prices gained 0.8 cent to reach $2.926 per gallon as of July 17, which is 53.4 cents higher than last year. Prices were up throughout most of the country, with the East Coast seeing the largest increase of 1.9 cents to $2.906 per gallon, the EIA reported. West Coast prices remained the highest in the nation, falling 0.9 cent to reach $3.051 per gallon. California prices fell by 1.6 cents to $3.097 per gallon.