Fuel prices continued to climb across the U.S. this week, surpassing $4/gal. in some areas to over $5 in California as industry analysts predict that prices will rise further this summer.
Diesel prices reached $3.96/gal. this week on average, ranging from $3.84 in the Midwest to $4.25 in California. Prices are up 38 cents from a year ago, according to the Energy Information Administration.
The average price of regular gasoline rose Tuesday to $3.570/gal., marking an increase of 1.6% from the week-ago average price of $3.51 and a whopping 12.6% rise from the year-ago average price of $3.17, according to the Automobile Association of America’s (AAA) Daily Fuel Gauge Report cited in a Washington DC Fox News report.
The average price of gasoline is up more than 25 cents from the beginning of the year, the survey showed, as gasoline prices have followed the recent dramatic rise in oil prices amid continued turmoil in the Middle East.