DETROIT -- This week's increase in crude oil prices is showing up at the gasoline pump.
The average price of a gallon of unleaded gasoline stood at $2.10 on Friday, up 1 cent from three days ago, according to AAA. Yet the average price still is well below the $2.22 a gallon recorded a month ago. In June 2004, the average price stood at $2.04 a gallon.
Drivers of diesel-powered vehicles are paying an average of $2.25 a gallon for fuel, the same price as Tuesday. One month ago, diesel fuel was selling for an average of $2.35 a gallon. One year ago, the price was $1.82.
AAA of Hawthorne, Fla., monitors credit card transactions at 60,000 self-serve fuel stations nationwide. It posts its findings at www.fuelgaugereport.com.
Look for more price increases soon. The price of a barrel of crude oil for future delivery stood at $53.88 on Friday morning, well above the $48-a-barrel range prices had been two weeks ago.
Kihei, Hawaii, on the island of Maui, lays claim to the most expensive gasoline in the nation at $2.78 a gallon, according to spotters who report to GasPriceWatch.com. At the other end of the spectrum, a gallon of unleaded gasoline is selling for $1.78 in Kennesaw, Ga., the lowest price found by spotters.
GasPriceWatch.com gathers more than 70,000 prices submitted by volunteer spotters.
|National Unleaded Average|
|Month Ago Avg.||$2.22||$2.36||$2.45||$2.33|
|Year Ago Avg.||$2.04||$2.17||$2.25||$1.82|
|*Prices are in US dollars per gallon|
You may e-mail Dale Jewett at [email protected]