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Gasoline prices — second largest one-week increase since 1990

The national average retail price for regular grade gasoline on Monday, Feb. 28, was $3.38 per gallon, an increase of 19 cents per gallon from the previous Monday, the U.S. Energy Information Agency reported today.

This was the second largest one-week increase since EIA began tracking weekly retail gasoline price data in 1990. The only week posting a larger one-week increase was in September 2005 when retail prices rose sharply due to Hurricane Katrina.

This is the highest weekly national average retail price with a February calendar date since EIA began tracking weekly price data in 1990. However, it is still well below the all-time record of $4.11 per gallon, set on July 7, 2008.

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