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Gasoline Resumes Climb; Diesel Continues To Slip

The national average price for regular gasoline increased 5.4¢ to $1.892/gal. for the week ending Feb. 2.

The national average price for regular gasoline increased 5.4¢ to $1.892/gal. for the week ending Feb. 2. However, the price remained $1.086 below a year ago and $2.222 below the all-time high set July 7, 2008. Meanwhile, diesel dropped for the third consecutive week – 2.2¢ to $2.2246/gal. That’s $1.034 below the year-ago price, and $2.518 below the high set July 14, 2008.

Gasoline was up in all regions. The East Coast moved up 6¢ to $1.876, the Midwest 5¢ to $1.87, the Gulf Coast 7.3¢ to $1.802, the Rocky Mountains 6.8¢ to $1.712, and West Coast 2.5¢ to $2.082. California was up 1.8¢ to $2.113.

Over the past 18 weeks (since Oct. 6, 2008), the average price of diesel has increased only once, and all regions were down for this week. The East Coast slipped 1.9¢ to $2.325/gal., the Midwest 3.1¢ to $2.201, the Gulf Coast 1.3¢ to $2.189, the Rocky Mountains 1.4¢ to $2.229, and the West Coast 1.6¢ to $2.303. California shed 0.8¢ for the week to hit $2.288, which is $1.089/gal. under last year.