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According to WEX Index's December fuel prices report, the national average started 2014 at $3.31 per gallon — the highest prices ever to start a year.
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The national average retail price of gasoline ticked up 0.1 cent to $3.332 a gallon for the week ending Monday, the U.S. Energy Information Administration said.
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The national average price of gasoline rose 6 cents to $3.331 a gallon for the week ending Dec. 30 in an uptick from a week ago.
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The national average price of gasoline fell three cents to $3.239 a gallon for the week ending Dec. 16, remaining just above a three-year low due to favorable energy economics.
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The average price fell for the second consecutive week. Gasoline is 8 cents lower than it was for the same week a year ago, according to federal data released Monday.
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Diesel fuel prices rose 3.9 cents to $3.88 per gallon on average for the week ending Dec. 2. Diesel is now 14.4 cents lower than it was a year ago, according to the U.S. Department of Energy.
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As the end of the year approaches, gasoline prices are on a steady decline with the national average at $3.25 per gallon. Meanwhile, diesel prices are expected to move higher toward $4 per gallon.
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The national average price of gasoline fell 2.1 cents to $3.272 per gallon for the week ending Dec. 2, remaining near a low for 2013.
Read More →Diesel fuel continued its sideward movement, rising 2.2 cents to $3.84 per gallon on average. Diesel is now 19-cents lower than it was a year ago, according to the U.S. Department of Energy.
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The national price of gasoline rose 7.4 cents to $3.293 a gallon for the week ending Nov. 25, a second straight weekly uptick after falling to a nearly three-year low.
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