Weekly Gasoline Price Update: Regular And Premium Up 7 Cents
The price of Regular and Premium are up seven cents each from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.60 and Utah has the cheapest at $2.38. The WTIC end of day spot price closed at 60.14, a 2.2% increase from this time last week.
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 monthly chart overlay of West Texas Light Crude, Brent Crude, and unleaded gasoline end-of-day spot prices (GASO).
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In this monthly chart, WTIC end of day spot price closed at 60.14, a 2.2% increase from this time last week.
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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).
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The chart below offers a comparison of the broader aggregate category of energy inflation since 2000, based on categories within the Consumer Price Index (commentary here).
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