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Gas Prices Up 1.5% to $3.65 Per Gallon

Gas prices are up sharply this week, according to an Energy Information Administration report (link opens as PDF) released Monday.

Retail regular gasoline prices clocked in at a national average of $3.651 per gallon for April 14, $0.055 above the previous week's price tag. The Rocky Mountain region was the only area to see prices drop (-$0.008), while West Coast prices jumped $0.097.

Compared to a year ago, pump prices are up $0.109. According to The Associated Press, both gasoline and oil prices have seen a recent rise due in part to increased tensions concerning the Ukraine crisis.


Over the past week, average retail diesel prices notched a $0.007 decline for a national average of $3.952 per gallon. On a regional basis, Rocky Mountain prices made the deepest dip, down $0.013, while West Coast prices barely budged, down just $0.001 per gallon. Over the last year, diesel prices are up $0.010. 


At these latest prices, the West Coast pays the prettiest penny for gasoline ($3.977), while the East Coast dishes out $4.068 for diesel. On the other end, the Rocky Mountain region can guzzle gas for just $3.438 as the Gulf Coast grabs diesel for $3.790 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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