Breaking News

U.S. Gasoline Prices Rise to Record $2.15 a Gallon

March 28, 2005
/ Print / Reprints /
ShareMore
/ Text Size+
WASHINGTON (Reuters) - Retail gasoline prices climbed to a record national average of $2.153 a gallon in the latest week as higher crude oil prices were passed on to motorists, the U.S. government said on Monday.

The national average pump price for regular unleaded gasoline rose 4.4 cents, according to a weekly survey of more than 800 service stations by the Energy Information Administration (EIA). The new price is 39.5 cents per gallon higher than one year ago.

As more drivers flock to U.S. highways with the summer driving season approaching, the Energy Department's analytical arm has said average gasoline prices will climb above $2.15 a gallon this spring. When adjusted for inflation, the most expensive price at the pump was $3.08 a gallon in March 1981.

Crude oil prices, responsible for 52 percent of the cost of a gallon of gasoline, have soared in recent months amid high global demand and limited refinery capacity. Crude for May delivery fell 79 cents to settle at $54.05 a barrel on Monday.

The government's weekly retail gasoline report showed the average U.S. pump price was highest on the West Coast, where prices rose 6.0 cents to an average of $2.318 per gallon.

The Gulf Coast region had the cheapest gasoline, rising 5.7 cents to $2.079 a gallon during the last week, EIA said.

Among the 10 major urban areas highlighted by EIA, Houston pump prices were the cheapest at $2.038 per gallon, up 6.6 cents. The most expensive city was Los Angeles where prices jumped 4.4 cents to $2.397.

The national price for cleaner-burning reformulated gasoline, sold at about one-third of the stations in cities and smoggier areas, rose 4.8 cents to $2.186 a gallon.

U.S. truckers saw retail diesel prices rise 0.5 cents to an average $2.249 per gallon last week, EIA said. The average cost for a gallon of diesel is 60.7 cents per gallon higher than it was one year ago.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2013 Experience Convention & Trade Show

A look back in photos at the 2013 Experience Convention & Trade Show in Las Vegas.

THE MAGAZINE

ICS Cleaning Specialist Magazine

cover_image

2014 April

Take a look at the April 2014 issue with features on air movers, going green, carpet cleaning and new products & technologies.

Table Of Contents Subscribe

Social Media

Social media is a good way to regularly keep in touch and interact with current clients and reach potential ones. What social mediums do you use in your cleaning/restoration business?
View Results Poll Archive

THE ICS STORE

Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.pngcrc logo