U.S. gasoline prices rose 3 cents in latest week

Mon May 4, 2009 11:09pm BST
 
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WASHINGTON, May 4 (Reuters) - The average retail price for U.S. gasoline jumped 3 cents to $2.08 cents a gallon over the last week, the U.S. Energy Department said on Monday.

The national price for regular unleaded gasoline was still down $1.54 from a year ago, the department's Energy Information Administration said in its weekly survey of service stations.

The EIA has forecast that gasoline costs would rise to an average $2.23 a gallon this summer.

The EIA's weekly survey found the West Coast had the most expensive gasoline at $2.29 a gallon, up 1.7 cents from last week. Broken down by city, San Francisco had the highest price at $2.35, up 0.9 cent.

The Gulf Coast states had the lowest regional price at $1.96 a gallon, up 1 cent. Houston had the cheapest city pump price at $1.93, up 0.2 cent.

The agency said gasoline prices were up 0.5 cent at $2.32 in Seattle; up 6.9 cents at $2.26 in Chicago; up 0.3 cent at $2.16 in Miami; up 3.2 cents at $2.08 in New York City; up 3 cents at $2.03 in Boston and up 7.1 cents at $2.06 in Cleveland.

Separately, the average price for diesel fuel declined 1.6 cents to $2.19 a gallon, down $1.96 from a year ago, the EIA said.

The New England states again had the most expensive diesel at $2.38 a gallon, down 1.3 cents. The Midwest region had the cheapest diesel fuel at $2.12, down 1.8 cents. (Reporting by Ayesha Rascoe; Editing by David Gregorio)

 

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