The recent debt-reduction battle in Washington has sent ripples out through the
economy, and fuel prices have been no exception. The U.S. Energy Information Administration‘s weekly update
on retail gasoline and diesel prices shows the average retail price of gasoline
has increased $3.71 per gallon, the 5th consecutive weekly increase. This price
is $0.98 higher than at this same time last year.
The Midwest saw the largest price increase at 2 cents. The Rocky Mountains saw
the same 2-cent increase but had the lowest overall price in the country at $3.55
per gallon. The average price on the U.S. East Coast was up 1 cent. On the West
Coast, the price fell to $3.75 per gallon, at the highest average price in the country.
The average national diesel price dropped for the first time in a month to $3.94
per gallon. The diesel price is $1.01 per gallon higher than at this same time last
year, with the biggest drop on the West Coast (4 cents).
With gas prices still unstable, make sure you’re managing your fleet’s fuel spending
Photo courtesy of
faceless b and re-used under the
Creative Commons license.