Weekly Gasoline Price Update: Up 29 Cents In Four Weeks

It’s time again for my weekly gasoline update based on data from the Energy Information Administration(EIA). Rounded to the penny, Regular rose six cents and Premium five. Regular is now up 29 cents (14.1 percent) since its interim weekly low set four weeks ago.

According to GasBuddy.com, Hawaii has the highest average price at $3.03. The highest continental average price is in California at $2.95. Utah has the cheapest Regular at $1.93.

How far are we from the interim high prices of 2011 and the all-time highs of 2008? Here’s a visual answer.

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The next chart is a weekly chart overlay of West Texas Light Crude, Brent Crude and unleaded gasoline end-of-day spot prices (GASO).

WTIC closed today back below 50 and off its 2015 interim glass ceiling around the 54 level.

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 Consumer Price Index (commentary here).

Here are some additional commentaries related to gasoline prices:

  • Gasoline Volume Sales, Demographics and our Changing Culture
  • Vehicle Miles Driven as an Economic Indicator
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    Author: Travis Esquivel

    Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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