Motor Fuel Prices: Retail Gasoline
Retail Gasoline Prices (weekly data, not seasonally adjusted)
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Motor fuel prices are an important cost component of highway
transportation. Changes in motor fuel prices impact the behavior of both
producers and consumers, and affect the demand for transportation in terms of
level and modal mix. In the United States, motor gasoline prices follow world
crude oil prices more closely than motor diesel prices. Changes in motor fuel
prices affect the profit margin of transportation firms, particularly
trucking firms.
| Average regular grade,
all formulations (Current dollars per gallon) |
2.77 |
2.79 |
| Percent change from
previous week |
-2.36 |
0.51 |
SOURCE: U.S. Department of Energy, Energy Information
Administration, Weekly Retail Gasoline Prices, available at http://eia.doe.gov/, as of August 21, 2007.
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