US Retail Gasoline Up For 7th Wk; Highest Since Sept -EIA
Monday, January 27, 2003 04:37 PM ET Printer-friendly version NEW YORK (Dow Jones)--The national average retail price of regular gasoline rose by 1.4 cents a gallon to $1.473 in the latest week, the Energy Information Administration said Monday.
The price is up for the seventh straight week and at the highest level since last Sept. 24. Retail gasoline has gained 8.3%, or 11.3 cents, over the past seven weeks amid worries over an impending war with Iraq and the continuing strike disrupting Venezuela's oil exports.
Prices are 37.2 cents above a year earlier.
Prices are based on a survey of 900 retail outlets.
Prices gained in all regions.
On the East Coast, prices were up 0.4 cents at $1.466 and were 37.6 cents above a year earlier.
Midwest prices were 2.1 cents higher at $1.459 and were 38.3 cents above a year earlier.
Gulf Coast prices were 0.7 cent higher at $1.414 and were 36.8 cents above a year earlier.
Rocky Mountains prices were 2.4 cents higher at $1.438 and were 32.1 cents above a year earlier.
West Coast prices were up 2.1 cents at $1.569 and were 35.9 cents above a year earlier.
- By David Bird, Dow Jones Newswires; 1-201-938-4423; david.bird@dowjones.com