With Summer Just Around the Corner, Fuel Prices Rise Precipitously

By Jesse Sokolow on 18 May 2018
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Schools are letting out, graduation caps are being tossed, and the beginning of summer is nearly here. For many people, that means packing up the car and heading to the beach or the mountains. For drivers around the country though, the bad news is that fuel prices are up across the entire nation.

The average price for a gallon of gasoline this week was $2.837, $0.504 more expensive than it was the same time last year, according to the Energy Information Administration, while the average price for a gallon of diesel was $3.239, $0.695 more expensive than a year ago.

The Rocky Mountain region saw the greatest increase in gasoline prices, with a $0.538 rise since last year, followed by the West Coast, which experienced a $0.533 increase. Meanwhile, the Midwest saw a $0.514 rise, and both New England and the Central Atlantic had a $0.507 uptick.

In terms of diesel, the West Coast saw a massive spike in cost, with a $0.907 rise in price. Next was the Midwest, which experienced an increase of $0.696, followed by the Rocky Mountain region, which saw prices rise by $0.690 since last year. Meanwhile, the Lower and Central Atlantic region had increases of $0.644 and $0.643, respectively.

(Photo: Accura Media Group)