Mon Apr 5, 2010 10:31pm BST
WASHINGTON, April 5 (Reuters) - U.S. retail gasoline prices rose for the sixth time in seven weeks on strong crude oil, the Energy Department said on Monday.
The national average price for regular unleaded gasoline rose 2.8 cents over the last week to nearly $2.83 a gallon, up nearly 79 cents from a year ago, the department's Energy Information Administration said in its weekly survey of service stations.
The gasoline prices were the highest since October 2008.
Pump prices dipped in the previous week, but resumed an upward trend last week on rising crude oil prices, which account for nearly 70 percent of the cost of gasoline. U.S. crude oil prices rose for four straight days last week hitting an 18-month high after upbeat economic data and a weaker dollar.
In its weekly price survey, the agency found the West Coast had the most expensive gasoline at $3.04 a gallon, up slightly. By city, Los Angeles had the highest price at $3.11, steady with the previous week.
The Gulf Coast states had the lowest regional price at $2.72 a gallon, up 3.3 cents. Houston had the cheapest city pump price at $2.68, up 3 cents.
The agency also said gasoline prices were down 1 cent at $3 in Seattle; up 6 cents at $3.04 in Chicago; up 2 cents at $2.92 in Miami; up 2 cents at $2.78 in New York; up 4 cents at $2.78 in Cleveland; up 2 cents at $2.72 in Boston and up 2 cents at $2.69 in Denver.
Separately, the average price for diesel fuel rose 7.6 cents to $3.02 a gallon, up 79 cents from a year ago, the EIA said.
The central Atlantic states had the most expensive diesel at $3.14 a gallon, up 6 cents. The Gulf Coast region had the cheapest diesel fuel at $2.98, up 8 cents.
(Reporting by Timothy Gardner; Editing by Lisa Shumaker)
Source: http://uk.reuters.com/article/idUKN0525614020100405?pageNumber=2&virtualBrandChannel=0
WASHINGTON, April 5 (Reuters) - U.S. retail gasoline prices rose for the sixth time in seven weeks on strong crude oil, the Energy Department said on Monday.
The national average price for regular unleaded gasoline rose 2.8 cents over the last week to nearly $2.83 a gallon, up nearly 79 cents from a year ago, the department's Energy Information Administration said in its weekly survey of service stations.
The gasoline prices were the highest since October 2008.
Pump prices dipped in the previous week, but resumed an upward trend last week on rising crude oil prices, which account for nearly 70 percent of the cost of gasoline. U.S. crude oil prices rose for four straight days last week hitting an 18-month high after upbeat economic data and a weaker dollar.
In its weekly price survey, the agency found the West Coast had the most expensive gasoline at $3.04 a gallon, up slightly. By city, Los Angeles had the highest price at $3.11, steady with the previous week.
The Gulf Coast states had the lowest regional price at $2.72 a gallon, up 3.3 cents. Houston had the cheapest city pump price at $2.68, up 3 cents.
The agency also said gasoline prices were down 1 cent at $3 in Seattle; up 6 cents at $3.04 in Chicago; up 2 cents at $2.92 in Miami; up 2 cents at $2.78 in New York; up 4 cents at $2.78 in Cleveland; up 2 cents at $2.72 in Boston and up 2 cents at $2.69 in Denver.
Separately, the average price for diesel fuel rose 7.6 cents to $3.02 a gallon, up 79 cents from a year ago, the EIA said.
The central Atlantic states had the most expensive diesel at $3.14 a gallon, up 6 cents. The Gulf Coast region had the cheapest diesel fuel at $2.98, up 8 cents.
(Reporting by Timothy Gardner; Editing by Lisa Shumaker)
Source: http://uk.reuters.com/article/idUKN0525614020100405?pageNumber=2&virtualBrandChannel=0
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