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Updated

Updated Automatically on January 6th, 2009
better gas mileage

Gas and diesel fuel prices are headed back up after a few weeks of slow decline.

Gasoline prices had been slowly dropping, but they appear to have bottomed last week at an average of $2.147 across the U.S. This week the average price has climbed 3.8 cents to $2.185. Drivers in the East, on the Gulf Coast, and in the Midwest have felt the increase most, with prices jumping about 6 to 7 cents per gallon in those areas. There has been a little good news for motorists in the Rocky Mountains where prices have actually dropped a penny on average over the past week, and on the West Coast where prices dropped 6 to 7 cents per gallon over the past week.

Similarly, diesel fuel prices have edged upward slightly since bottoming last week. On average U.S. diesel prices rose 1.1 cents per gallon to $2.436 this week. Again, the East, the Gulf Coast, and the Midwest felt the increase while there was actually a slight decline in diesel fuel prices in the Mountain and Western states.

For comparison, gasoline prices are 33.8 cents per gallon higher than they were a year ago and diesel fuel prices are up 43.9 cents per gallon over the past 12 months.

News outlets are reporting that the recent cold weather has driven fuel prices higher and they are speculating that the increases will continue as winter sets in.

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Updated Automatically on January 6th, 2009
better gas mileage

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