The Car and Truck Fleet and Leasing Management Magazine

Gasoline Prices Continue to Rise

December 29, 2006

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline on Dec. 25 rose 2.1 cents to $2.341 per gallon, according to the Energy Department's weekly report from the Energy Information Administration (EIA). Prices are 14.4 cents per gallon higher than at this time last year. East Coast prices climbed 3.4 cents to $2.352 per gallon. In the Midwest, prices rose 0.2 cent to $2.273 per gallon. Gulf Coast prices increased 1.6 cents to $2.213 per gallon, while Rocky Mountain prices rose 0.7 cent to $2.249 per gallon, the EIA reported. Prices for the West Coast were up 3.8 cents to $2.579 per gallon, marking the seventh consecutive week of price increases. West Coast prices are 36.3 cents per gallon higher than at this time last year. Retail diesel fuel prices were lower again this week, falling 1.0 cent to $2.596 per gallon. However, prices are still 14.8 cents higher than at this time last year, the EIA said. East Coast diesel prices fell 1.2 cents to $2.587 per gallon, while the Midwest price decreased 0.5 cent to $2.550 per gallon. The Gulf Coast also saw a decrease of 0.5 cent to $2.514 per gallon. Rocky Mountain diesel prices fell 0.3 cent to $2.713 per gallon. Diesel prices on the West Coast decreased 3.1 cents to $2.856 per gallon.
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