North America
Gasoline and diesel prices soar to records: EIA
By Reuters
May 12, 2008, 20:41

WASHINGTON (Reuters) - U.S. drivers dug deeper in their pockets to fill up at the pump, as the average price for gasoline skyrocketed 10.9 cents over the last week to a record of $3.72 a gallon, the federal Energy Information Administration said on Monday.

The national price for regular, self-service gasoline was up 62 cents from a year ago due to soaring crude oil prices. Crude hit a record $126.40 a barrel at the New York Mercantile Exchange on Monday.

The EIA's latest weekly survey of service stations found gasoline was the most expensive on the West Coast at $3.83 a gallon, up 3.3 cents. San Francisco had the highest city price at $3.95, up 1.7 cents.

The Rocky Mountain states had the lowest regional price at $3.61 a gallon, up 11.5 cents. Houston had the cheapest pump price, up 10.3 cents, at $3.57.

Truckers and other users of diesel fuel took another hit at the pump, with diesel fuel soaring 18.2 cents over the last week to a record $4.33 a gallon, up $1.56 from a year earlier.

The central Atlantic states had the most expensive diesel at $4.52 a gallon, up 17.1 cents. The Gulf Coast region had the cheapest fuel at $4.27, up 18.4 cents, the EIA said.

Truckers have staged protests against record diesel prices. It costs about $1,200 to fuel up a tractor trailer.

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