Average U.S. retail gasoline price exceeds $3.00 for the first time since late 2014

Disruptions to Colonial Pipeline operations prompted an increase in the average U.S. retail price for regular grade gasoline (retail gasoline price) to $3.03 per gallon (gal) on May 17, the first time retail gasoline prices averaged more than $3.00/gal since October 27, 2014. The average retail gasoline price in the Lower Atlantic (PADD 1C) increased 10 cents/gal from the previous week to $2.88/gal. More »