Weekly Gasoline Price Update: Regular and Premium Up 5 Cents, Largest Gain Since May
It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up a nickel each from last week, their largest gain since May. According to GasBuddy.com, Hawaii has the highest average price for Regular at $2.82 and San Francisco is the most expensive city, averaging $2.80. Arkansas has the cheapest at $1.95. The WTIC end of day spot price closed at 51.79, up 4.71 from this time last week.
How far are we from the interim high prices of 2011 and the all-time highs of 2008? Here's a visual answer.
The next chart is a monthly chart overlay of West Texas Light Crude, Brent Crude and unleaded gasoline end-of-day spot prices (GASO).
In this monthly chart, WTIC end of day spot price closed at 51.79, up 4.71 from last week.