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 NEW YORK (AP) - U.S. gasoline prices again soared to a record last week, and average prices on the West Coast rose above the $2.50 a gallon mark, the federal Energy Information Administration said Monday.
The nationwide average price of regular gasoline rose 6.3 cents to a record $2.28 a gallon, according to the EIA, the statistics arm of the U.S. Department of Energy. Prices on the West Coast, typically the country's highest, shot up by 13 cents to $2.52.
The gains came even as futures prices fell 11 percent in New York over the same period and followed an increase of 6.4 cents in the previous week. Soaring prices have put pressure on consumers and raised concerns about inflation, but they've yet to damp fuel demand, which is off to a strong start for the year.
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