gas prices increase, again

Gasoline prices rose 7 cents in last week
Houston’s average price of $2.88 a gallon is lowest of cities surveyed

— reported by the Houston Chronicle

U.S. retail gasoline prices rose nearly 7 cents over the last week to average $2.93 a gallon, the government said today.

The national average price for retail gasoline headed toward $3 a gallon after staying below $2.90 for the previous two weeks, the U.S. Energy Information Administration said in its weekly report. Prices are nearly 71 cents above year-ago levels, the EIA said in its weekly report.

The West Coast had the most expensive gasoline by region, with the price up 1.3 cents to $3.11. Los Angeles had the highest average price of cities surveyed, with prices up 3 cents to $3.22 a gallon, the EIA said.

The Gulf Coast states had the cheapest gasoline at $2.83 a gallon, up 6.7 cents. Houston had the cheapest gasoline of any city surveyed, with prices up 4.6 cents to $2.88 a gallon.

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