U.S. gasoline prices increased in 2017

U.S. Energy Information Administration ---------- U.S. regular retail gasoline prices averaged $2.41 per gallon (gal) in 2017, 27 cents/gal (13%) higher than in 2016, but two cents/gal less than in 2015. Higher crude oil prices in 2017 contributed to higher gasoline prices. In 3 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal at least once in 2017, and prices in every city except Houston exceeded $2.50/gal at some point in the year. On August 25, the landfall of Hurricane Harvey resulted in refinery and infrastructure outages in the Gulf Coast, which led to increased gasoline prices, particularly along the East Coast and Gulf Coast. Each Monday, EIA collects and publishes data on retail gasoline and diesel fuel prices for 10 cities, 9 states, 5 regions, and the United States as a whole. Gasoline prices across the country reflect differences in gasoline specifications, taxes, and supply and demand balances in regional markets. To learn more click on the picture below to read the article.