Weekly Gasoline Prices: Regular and Premium Continue to Climb for 5th Week In A Row

- Facebook
- Twitter
- LinkedIn
- Reddit
- Flipboard
APV

Leave a Comment

Membership required

Membership is now required to use this feature. To learn more:

This article was originally written by Doug Short. From 2016-2022, it was improved upon and updated by Jill Mislinski. Starting in January 2023, AP Charts pages will be maintained by Jennifer Nash at Advisor Perspectives/VettaFi.

As of January 30, the price of regular and premium gas were up 7 and 8 cents each, respectively, from the previous week. According to GasBuddy.com, Hawaii has the highest average price for regular at $4.89 and Texas has the cheapest at $3.09. The WTIC end-of-day spot price for crude oil closed at $77.90 and is down 4.6% from last week.

The next chart is a monthly chart overlay of West Texas light crude, Brent crude, and unleaded gasoline end-of-day spot prices.

In this monthly chart, the WTIC end-of-day spot price for crude oil closed at $77.90, down 4.6% from last week.

Sign me up to receive email newsletters from Advisor Perspectives

The volatility in crude oil and gasoline prices has been clearly reflected in recent years in both the consumer price index (CPI) and personal consumption expenditures (PCE). For additional perspective on how energy prices are factored into the CPI, see What Inflation Means to You: Inside the Consumer Price Index.

The chart below offers a comparison of the broader aggregate category of energy inflation since 2000, based on categories within the CPI (commentary here).