US gasoline price hit 3.68$

July 2011 U.S. Retail Gasoline Prices,   Dollars per gallon, including all taxes Change from Change from 7/4/2011 7/11/2011 7/18/2011 week ago year ago 3.579 3.641 3.682 0.041 0.960 3.567 3.647 3.706 0.059 1.058 3.721 3.767 3.826 0.059 1.101 3.634 3.687 3.738 0.051 1.041 3.471 3.581 3.647 0.066 1.058 3.595 3.670 3.693 0.023 0.992 3.409 3.502 3.568 0.066 1.013 3.519 3.509 3.521 0.012 0.772 3.745 3.730 3.746 0.016 0.684 3.660 3.647 3.652 0.005 0.709 States 3.794 3.778 3.800 0.022 0.670 3.494 3.487 3.500 0.013 0.854 3.470 3.587 3.636 0.049 1.024 3.665 3.705 3.759 0.054 1.091 3.565 3.724 3.712 -0.012 1.036 3.807 3.839 3.900 0.061 1.047 3.597 3.566 3.598 0.032 0.894 3.421 3.516 3.594 0.078 1.042 3.796 3.789 3.804 0.015 0.779 Cities 3.659 3.700 3.759 0.059 1.092 3.938 3.939 3.984 0.045 1.110 3.585 3.615 3.591 -0.024 0.874 3.485 3.476 3.479 0.003 0.856 3.367 3.478 3.570 0.092 1.097 3.846 3.834 3.844 0.010 0.697 3.685 3.769 3.798 0.029 1.055 3.720 3.762 3.808 0.046 1.055 3.816 3.804 3.831 0.027 0.659 3.805 3.796 3.801 0.005 0.810

The average price for regular grade gasoline rose from the prior week by 4.1 cents according to the EIA—at $3.682 for the week ending July 18. Regular grade prices continued to be below annual averages of 2008 (see second chart below), when gasoline prices reached a high of $4.062 in 2008 when adjusted to May 2011 dollars. Prices remained higher than a year ago, with regular gasoline up 96.0 cents or 35.3 percent from 52 weeks ago (see first chart to the right). For the week ending July 18, crude oil costs were up 79.9 cents from a year ago, and were 4.6 cents per gallon higher than the May average of 2011 on a monthly basis. Compared with a year ago, the share for manufacturing and marketing gasoline this week was 14.3 cents higher or 26.3 percent.