Agency Reports Fuel Prices Climbing

A picture of a man preparing to pump gas at a gas station

Gas and diesel prices at the pump rose again last week, according to the latest report from the U.S. Energy Information Administration (EIA).

Gasoline prices averaged $2.89 nationwide as of May 3. The price is up $1.10 from the same time a year earlier, and rose 1.8 cents from the previous week.

Gasoline prices ranged from a low of $2.583 in the Gulf Coast Region to a high of $3.598 in the West Coast. The Gulf Coast was the only region among eight nationwide that saw average prices fall from the previous week. The Rocky Mountain region averaged $3.018 a gallon, up $1.246 a gallon from the same time in 2020.

Average nationwide diesel prices also rose 1.8 cents a gallon from the previous week, EIA reported, to $3.142 a gallon. The price is up 74.3 cents a gallon from the same time in 2020.

Regionally, prices range from a low of $2.924 a gallon in the Gulf Coast to a high of $3.664 in the West Coast. California’s diesel price averaged $3.983 a gallon.

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