WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline climbed 8.9 cents to 232.7 cents per gallon as of Jan. 9, which is 53.4 cents higher than last year. Prices were up throughout the country, according to the Energy Department's Energy Information Administration (EIA). The East Coast, which had the highest regional price in the country, also showed the largest regional increase of 10.6 cents to 237.0 cents per gallon. The Midwest region rose 6.9 cents to 233.2 cents per gallon, while prices on the West Coast gained 9.9 cents to 230.4 cents per gallon. Retail diesel fuel prices increased by 4.3 cents to reach 248.5 cents per gallon as of Jan. 9, which is 55.1 cents higher than last year, the EIA reported. Diesel prices also rose throughout the country, with the largest price increase seen on the West Coast. West Coast prices, also the highest regional prices in the country, climbed 5.8 cents to 257.7 cents per gallon. East Coast prices increased 4.7 cents to 252.8 cents per gallon. The lowest prices were found in the Rocky Mountains, rising 2.9 cents to 242.1 cents per gallon.

Originally posted on Fleet Financials