US average price of regular gasoline rose 6 cents in week ended Feb. 24 from previous week, fell 34 cents year-over-year to US$3.44/gallon; average diesel price rose 3 cents on week, dropped 14 cents year-over-year to US$4.02/gallon: EIA

WASHINGTON , February 27, 2014 (press release) – The U.S. average retail price of regular gasoline increased six cents to $3.44 per gallon as of February 24, 2014, 34 cents lower than last year at this time. Prices increased in all regions of the nation, with the Midwest, Rocky Mountain, and West Coast prices all increasing eight cents, to $3.44 per gallon, $3.32 per gallon, and $3.65 per gallon, respectively. The East Coast price gained five cents to $3.46 per gallon, and the Gulf Coast price was $3.21 per gallon, three cents higher than last week.

The national average diesel fuel price was up three cents to $4.02 per gallon, 14 cents lower than last year at this time. Prices increased in all regions of the nation, with the Rocky Mountain price increasing the most, five cents from last week, to $3.95 per gallon. The West Coast price was $4.04 per gallon, four cents higher, while the Midwest price increased three cents to $4.03 per gallon, above the $4-per-gallon mark for the first time since March 18, 2013. The Gulf and East Coast prices both rose two cents, to $3.81 per gallon and $4.15 per gallon, respectively.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.