The Car and Truck Fleet and Leasing Management Magazine

Gasoline Prices Continue to Rise

May 07, 2007

WASHINGTON, D.C. --- Gasoline prices rose sharply for the week of April 30, increasing an average of 10.2 cents to $2.971 per gallon, reported the Energy Department's Energy Information Administration (EIA). Prices were 5.2 cents per gallon higher than at this time last year. All regions reported price increases. East Coast prices were up 8.2 cents to $2.917 per gallon. The largest increase was in the Midwest, where prices jumped 15.0 cents to $2.925 per gallon, the EIA reported. Prices for the Gulf Coast rose 9.8 cents to $2.853 per gallon, while Rocky Mountain prices increased 11.3 cents to $2.957 per gallon. West Coast prices were up 5.9 cents to $3.277 per gallon. The average price for regular grade in California was up 4.3 cents to reach a record price of $3.359 per gallon, 15.7 cents per gallon above last year's price. Retail diesel prices fell for the second consecutive week, decreasing 4.0 cents to $2.811 per gallon. Diesel prices were 8.5 cents per gallon lower than at this time last year. East Coast diesel prices fell 3.7 cents to $2.80 per gallon. In the Midwest, prices were down 5.6 cents to $2.775 per gallon. The Gulf Coast saw a decrease of 4.9 cents to $2.766 per gallon. The only region to see an increase in diesel prices was the Rocky Mountains, where prices were up 1.0 cent to $2.988 per gallon. Prices on the West Coast saw a decrease of 0.1 cent to $2.952 per gallon, while California prices fell 1.7 cents to $2.987 per gallon, 17.6 cents per gallon lower than at this time last year, the EIA said.
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