The Car and Truck Fleet and Leasing Management Magazine

Gasoline Prices Continue to Rise

April 02, 2007

WASHINGTON, D.C. --- For the eighth consecutive week, gasoline prices increased, rising 3.3 cents to an average of $2.610 per gallon for the week of March 26. According to the Energy Department's Energy Information Administration (EIA), prices are now 11.2 cents per gallon higher than at this time last year. All regions reported price increases. East Coast prices were up 2.7 cents to $2.575 per gallon, while Midwest prices rose 3.3 cents to $2.518 per gallon. Prices for the Gulf Coast were up 3.4 cents to $2.442 per gallon. For the second straight week, the largest regional increase was in the Rocky Mountains, where prices increased 5.0 cents to $2.538 per gallon. West Coast prices were up 3.9 cents to $3.016 per gallon. The average price for regular grade in California was up 3.1 cents to $3.152 per gallon, 48.3 cents per gallon above last year's price. Retail diesel prices decreased for the second consecutive week, falling 0.5 cent to $2.676 per gallon. However, prices remain 11.1 cents per gallon higher than at this time last year. East Coast diesel prices fell 0.4 cent to $2.657 per gallon, while Midwest prices were down 1.1 cents to $2.655 per gallon. The Gulf Coast saw an increase of 0.3 cent to $2.643 per gallon. Rocky Mountain diesel prices were up 1.5 cents to $2.780 per gallon. Diesel prices on the West Coast saw a decrease of 1.0 cent to $2.803 per gallon. California prices fell 0.6 cent to $2.869 per gallon, but remain 14.2 cents per gallon higher than at this time last year, the EIA said.
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