Gasoline Pump Price Up 3 Cents to $3.51

Americans are paying more at the gas pump this week, according to an Energy Information Administration report released Monday.

The national average price for regular gasoline clocked in at $3.512 per gallon on Monday, up $0.033 from a week ago but $0.198 below the same time last year. The Rocky Mountain region and West Coast tied for the largest gains (+$0.047), while East Coast prices edged up just $0.02. 


While gas prices headed higher, diesel prices inched up half-a-cent over the past week to $4.021 per gallon. This latest price tag puts diesel $0.067 per gallon below the same time last year. Different regions across the nation experienced  price hikes and drops. Gulf Coast diesel increased $0.021 per gallon, while Midwest prices fell $0.006 over the past week. 


At these latest prices, the West Coast pays the prettiest penny for gasoline ($3.755), while the East Coast doles out $4.158 for diesel. On the flip side, the Gulf Coast can guzzle gas for just $3.252 and diesel for $3.814 per gallon. 


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Justin Loiseau

Energy and Macroeconomic Specialist keeping investors up to date with macro news, utilities, and good companies doing good things.

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