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WASHINGTON -- Retail gasoline prices rose again this past week, according to the Energy Information Administration, with a national average price of nearly $2.23 per gallon for regular gasoline as of July 4, 2005.
The U.S. average retail price for regular gasoline increased this week by 1.1 cents from the previous week to $2.226 per gallon as of July 4 -- 33.1 cents higher than this time last year. This is the fifth week in a row that prices have increased.
Prices were up throughout most of the country, with the West Coast seeing the largest regional increase of 3.8 cents to reach $2.411 per gallon. East Coast prices rose by 1.5 cents to $2.214 cents per gallon. California prices, the highest in the nation, increased 4.5 cents to $2.457 cents per gallon, which is 25.3 cents higher than this time last year. The Midwest saw the only regional decrease of 0.7 cent to $2.194 cents per gallon.
Retail diesel fuel prices were up 1.2 cents last week to $2.348 cents per gallon, reaching another nominal all-time high. Prices were up regionally throughout the country, with the Rocky Mountains seeing the largest regional increase of 4.0 cents to $2.328 cents per gallon. California prices, the highest in the nation, rose by 3.2 cents to $2.554 cents per gallon, which is 47.8 cents higher than this time last year.