Regional gasoline prices surge due to crude oil prices
Gasoline prices have increased nationwide due to rising crude oil prices. The cost of crude oil accounts for about half of the retail gasoline price.
Regional dynamics such as local supply and demand conditions have also contributed to the price increase.
The Midwest and Rocky Mountain regions have seen significant price increases due to temporary refinery outages and maintenance, with prices averaging $4.40 and $4.59 per gallon, respectively.
The West Coast has the highest prices, averaging $5.61 per gallon, a 31% increase from last year.