WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline jumped 3.9 cents last week to reach $2.973 per gallon as of July 10. That's 64.5 cents higher than last year, according to the Energy Department's Energy Information Administration (EIA).
Prices rose for the second week in a row, with the Midwest seeing the largest price hike of 5.6 cents to reach $2.969 per gallon. West Coast prices remained the highest in the nation, rising 2.7 cents to $3.135 per gallon. California prices were up 3.5 cents to $3.224 per gallon. East Coast prices increased 3.8 cents to $2.962 per gallon, the EIA reported.
Retail diesel fuel prices rose 2.0 cents to reach $2.918 per gallon as of July 10, which is 51.0 cents higher than last year. Prices were up throughout most of the country, with the Midwest seeing the largest increase of 3.2 cents to $2.919 per gallon. West Coast prices remained the highest in the nation, gaining 0.4 cent to reach $3.06 per gallon. California prices fell by 0.6 cent to $3.113 per gallon, the EIA reported.
Originally posted on Fleet Financials