Fuel Prices Reverse Trend, Start to Rise

By Jesse Sokolow on 18 February 2015
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DSC_0931After months of seeing significant decreases in fuel prices, motorists began to pay more at the pump in the past few weeks, although they remain significantly lower than they were a year ago.

The average price for a gallon of gasoline was $2.274, $1.106 less than it was a year ago, according to the U.S. Energy Information Administration, but $0.083 higher than the price last week.

Meanwhile, the average price for a gallon of diesel fuel was $2.865, $1.124 lower than a year ago, but $0.03 higher than the average price last week.

The West Coast saw the greatest increase in gasoline prices, with a $0.148 rise, bringing the price to $2.622. The Gulf Coast trailed closely behind, with a $0.090 increase, while the Lower Atlantic saw a $0.079 increase. Next was the Midwest, which saw a rise of $0.071, and New England, with a rise of $0.055.

(Photo: Accura Media Group)

Accura News

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