November 24, 2009 -
WASHINGTON -- The U.S. Energy Department this week said consumers are paying about 75 cents more for a gallon of gasoline than last year at this time, according to Reuters.
With Thanksgiving approaching, the national price for regular unleaded gasoline increased a penny over the past week to $2.64 a gallon, much higher than the $1.89 last Thanksgiving, the department's Energy Information Administration (EIA) said in its weekly survey of service stations.
The higher fuel prices reflect expensive crude oil, which has hovered near $80 a barrel for several weeks. In its weekly price survey, the EIA found the West Coast had the most expensive gasoline at $2.88 a gallon, down 1.2 cents. By city, Los Angeles had the highest price at $3, down 1.3 cents, Reuters reported.
The Gulf Coast states had the lowest regional price at $2.51 a gallon, up 0.9 cent. Houston had the cheapest city pump price at $2.43, down 1.7 cents.
Separately, the average price for diesel fuel decreased 0.3 cents to $2.79 a gallon, 12 cents more than a year ago, the EIA said.
This year is special for Convenience Store News, as it marks the 40th year of publication, making it the longest continuously published news source for the convenience store industry.