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U.S. Gasoline Average Surpasses $3.50

WASHINGTON, D.C. --- For the fourth consecutive week, the U.S. average retail price for regular gasoline moved higher, setting yet another all-time record of $3.508 per gallon, the U.S. Energy Department reported Wednesday, April 23.

by Staff
April 23, 2008
2 min to read


WASHINGTON, D.C. --- For the fourth consecutive week, the U.S. average retail price for regular gasoline moved higher, setting yet another all-time record of $3.508 per gallon, the U.S. Energy Department reported Wednesday, April 23.

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The price shot up by 11.9 cents from the previous week, an increase more than double the increase of the week before. On a regional basis, prices increased throughout the country, with the largest increases occurring in the East Coast, Gulf Coast and the Midwest, the department's Energy Information Administration (EIA) reported.

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The average price on the East Coast surged, climbing 14.9 cents to $3.484 per gallon, 64.9 cents higher than the price at the same time last year. The price in the Midwest increased by 11.2 cents to $3.47 per gallon, up 69.5 cents from a year earlier. The average price in the Gulf Coast shot up 12.6 cents to $3.411 per gallon but still remained the lowest price of any region, the EIA said.

The average price in the Rocky Mountains increased to $3.416 per gallon, up 9.2 cents from the previous week. The West Coast average price increased the least of any region, moving up 7.2 cents to $3.734 per gallon, 51.6 cents higher than a year ago. The average price in California also increased by 7.2 cents to hit $3.846 per gallon.

Once again, the U.S. average diesel price increased to a new record high during the week, although the weekly gain was somewhat lower compared with the robust pace reported in the prior week. The U.S. average diesel price increased to $4.143 per gallon, up 8.4 cents compared to the 10.4-cent increase of the previous week, the EIA reported.

Diesel prices increased in all regions of the country, albeit at a slightly slower pace than the previous week. The average diesel price for the East Coast increased to $4.207 per gallon, going up 9 cents compared to the increase of 11.2 cents the previous week.

In the Midwest, the average diesel price moved up 8.5 cents to $4.098 per gallon. The price in the Gulf Coast increased 7.7 cents to $4.077 per gallon and remained the lowest price of any region.

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The Rocky Mountain region's increase of 7.2 cents was again the smallest of any region. The diesel price there of $4.111 per gallon was $1.133 higher than a year earlier. On the West Coast, the average diesel price went up 7.9 cents to $4.255 per gallon, $1.302 higher than last year. The average price in California increased 8.3 cents to $4.317 per gallon.


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