U.S. Fuel Edges Higher

WASHINGTON -- U.S. weekly retail gasoline prices posted a modest increase of 0.3 cents to an average $1.52 per gallon, with nearly all regions seeing higher pump prices, the government said Monday.

The average U.S. pump price, based on a weekly survey of more than 800 gas stations and convenience stores by the Energy Information Administration (EIA), was 11.4 cents a gallon above the same week one year ago.

In the Rocky Mountain region, the average cost for gasoline rose two cents to $1.54 while in the Gulf coast, pump prices rose 1.3 cents to $1.45 per gallon, the lowest among the major regions survey by the EIA. Drivers on the West Coast paid the most to fill their tanks even as prices dipped 2.6 cents to $1.69, the only drop among the five major regions surveyed by the EIA for the second week in a row.

Among the major cities highlighted by the EIA, Houston pump prices were the cheapest at $1.42 per gallon, up 1.2 cents. San Francisco remained the most expensive city as prices fell 3.4 cents to an average $1.84 per gallon. The national price for cleaner-burning reformulated gasoline, sold at about one-third of the gas stations in cities and smoggier areas, fell 0.5 cents to $1.58 a gallon.

U.S. diesel prices increased 0.4 cent to an average $1.44 per gallon last week, the EIA said. The average cost for a gallon of diesel is 12.8 cents per gallon more expensive than one year ago, according to EIA data.
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