Gasoline Costs Keep Rising, Diesel Declines Continue

Gasoline cost about 10 cents more on average over the previous week, while diesel’s average price was down about 1 cent.

The U.S. Energy Information Administration reported that gasoline averaged about $3.60 per gallon across the nation. The average price of diesel fuel hovered around $4.10 per gallon. Both gasoline and diesel prices remain down compared to a year ago during the same week.

Current average fuel prices by region (gasoline/diesel):

• East Coast: $3.46/$4.20
• Midwest: $3.52/$3.97
• Gulf Coast: $3.25/$3.88
• Rocky Mountain: $3.44/$4.09
• West Coast: $4.46/$4.70

Gasoline prices may be rising due to changing seasons and pressure from oil price increases sparked by OPEC’s decision to cut oil production.

Said Patrick De Haan, head of petroleum analysis at GasBuddy: “Expect the upward trend to continue through much of the rest of spring, but once the transition to summer gasoline and refinery maintenance are behind us, April and May jumps could bring June slumps. However, for diesel, the news continues to be good, with the national average price of diesel continuing to drop, now at its narrowest difference to gasoline in over 13 months.”

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