Weekly Gasoline Price Update: WTIC Up 4.7%

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 down a nickel each from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.15 and San Francisco, CA is the most expensive city, averaging $3.28. Oklahoma has the cheapest at $2.13. The WTIC end of day spot price closed at 50.35, a 4.7% increase 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.

Weekly Gas Prices Since 2000

The next chart is a monthly chart overlay of West Texas Light Crude, Brent Crude, and unleaded gasoline end-of-day spot prices (GASO).

WTIC BRENT GASO

In this monthly chart, WTIC end of day spot price closed at 50.35, up 4.7% from this time last week.

WTIC43.38