EIA: U.S. Retail Gasoline Average Up 9.5cts to 7-Week High
7/28 9:39 AM
EIA: U.S. Retail Gasoline Average Up 9.5cts to 7-Week High
SECAUCUS, NJ (DTN) -- U.S. pump prices for regular gasoline climbed 9.5cts
to $4.096 gallon during the week ended July 27, marking the highest level in
seven weeks, Energy Information Administration data showed Tuesday.
The national average now stands 97.3cts above year-ago levels, driven by
broad gains across all regions. Prior to this, the highest weekly average was
$4.146 gallon during the week ended June 8.
Prices advanced across all regions, or PADD districts, during the week to
July 27. The West Coast, or PADD 5, climbed the most, with average up 13.4cts
to stand at $5.117 gallon. The Rocky Mountain region saw the second-largest
weekly increase, surging 12.7cts to $4.083 gallon, up 96.2cts from year-ago
levels.
Conversely, New England posted the smallest upward move nationwide, rising
5.6cts on a weekly basis to $4.067 gallon. Gulf Coast and Midwest prices both
advanced by 10.2cts to settle at $3.690 gallon and $3.882 gallon, respectively.
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