US regular retail gasoline price rises 4.2 cents to $3.357/gal

Houston (Platts)--28Jan2013/617 pm EST/2317 GMT

The average US retail price for regular gasoline jumped 4.2 cents to $3.357/gal for the survey week ending Monday, the Energy Information Administration said.

At that level, the national average is 8.2 cents lower than that of the corresponding week a year ago, EIA data shows.

The latest survey week showed increases in all regions of the US, led by a 10.1-cent surge to $2.981/gal in the Rocky Mountain average, which remains the lowest price average among regions. That was followed by a 6.5-cent rise in the Midwest to an average of $3.289/gal. The West Coast average climbed 4.2 cents to $3.545/gal.

The increases elsewhere were more moderate, as the East Coast average added 2.8 cents to reach $3.448/gal and the Gulf Coast average tacked on 1.2 cents to reach $3.164/gal.

EIA publishes average US retail prices for all three grades of gasoline. The data is collected by telephone from a sample of 800 retail gasoline outlets. The reported price includes all taxes and is the pump price a consumer paid as of 8 a.m. EST (1300 GMT) Monday.

--Katharine Fraser, katharine_fraser@platts.com --Edited by Lisa Miller, lisa_miller@platts.com

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