WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline climbed 4.1 cents to 223.8 cents per gallon as of Jan. 2, which is 46.0 cents higher than last year, the Energy Department reported. Prices were up throughout most of the country, although West Coast prices fell by 1.1 cents to 220.5 cents per gallon, according to the Energy Department's Energy Information Administration (EIA). The Midwest region saw the largest average increase of 6.9 cents to 226.3 cents per gallon, closing in on the highest regional price, which was 226.4 cents per gallon on the East Coast. Retail diesel fuel prices edged down 0.6 cent to reach 244.2 cents per gallon, as of Jan. 2. That's 48.5 cents higher than last year. Regional price changes were mostly down throughout the country, the EIA said, although price increases in New England and the Lower Atlantic left the overall East Coast price the same as last week (248.1 cents per gallon). The highest regional price in the country was on the West Coast, where prices fell 0.4 cent to 251.9 cents per gallon. The Rocky Mountains saw the largest regional price decline of 1.8 cents and the lowest regional price of 239.2 cents per gallon.

Originally posted on Fleet Financials

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