Weekly Fuels Report

October 9, 2012 10:45 AM

Gasoline and highway diesel prices both ticked upward last week after falling for the previous two weeks. November crude oscillated wildly on the week but remained well below $100 per barrel. Natural gas near-month prices acted much the same placing a top at $3.52 on Wednesday 10/3 before falling sharply. Today, November nattie eliminated the week-over declines testing the upside top again at $3.52 -- closing $0.07 higher on the day at $3.47.

Gasoline -

Average national retail price for regular gasoline was up $0.015 last week to $4.094/gallon, $0.373 higher than the same period last year. Rocky Mountain Region lower $0.011 to $4.194; East Coast gasoline $0.003 lower to $3.798 -- $0.395 higher year-over. Midwest gasoline also lower to $3.772/gallon, down $0.012 on the week; Gulf Coast lower $0.018 to $3.537/gallon. West Coast $0.328 higher to $4.409 -- $0.655 above the same period last year.

California posted the highest priced gasoline in the U.S. at $4.659/gallon -- $0.483 higher week-over -- $0.844 higher year-over.

Highway Diesel -

National average diesel prices were higher last week by $0.015 to $4.094/gallon, up $0.373 over the same time last year. The Rocky Mountain Region led declines, dropping $0.011 to $4.194/gallon; West Coast region (minus California) also declined $0.005 to $4.207. East Coast diesel at $4.097, up $0.016 week-over; Midwest diesel $0.027 stronger on the week to $4.040/gallon. Gulf Coast diesel unchanged week-over -- up $0.348 on last year.

California posted the high mark for diesel as well, up $0.038 week-over to end the week at $4.414/gallon -- up $0.437 year-over.

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