For the eleventh consecutive week, gasoline prices increased, climbing 7.4 cents to 287.6 cents per gallon for the week of April 16, 2007. Prices are now 9.3 cents per gallon higher than at this time last year. All regions reported higher prices. East Coast prices were up 8.4 cents to 283.9 cents per gallon. The Midwest saw prices rise 6.3 cents to 280.7 cents per gallon. The largest regional increase was in the Gulf Coast, with prices up 8.8 cents to 276.3 cents per gallon. Rocky Mountain prices increased 8.2 cents to 280.1 cents per gallon. West Coast prices were up 5.7 cents to 319.5 cents per gallon, with the average price for regular grade in California up 5.3 cents to 330.5 cents per gallon, 40.9 cents per gallon above last year's price.
Inventories are still down
And prices are still increasing: