This Week In Petroleum

This Week in Petroleum
Residential heating oil prices rose dramatically over the period ending October 22, 2007. The average residential heating oil price gained 7.4 cents last week to reach 286.8 cents per gallon, an increase of 48.3 cents from this time last year.

Up 20.2% year over year.

The average residential propane price climbed by 5.5 cents to arrive at 220.8 cents per gallon. This was an increase of 27.4 cents compared to the 193.4 cents per gallon average for this same time last year.

Up 16.5% year over year.

The U.S. average retail price for regular gasoline surged 6.1 cents last week to settle at 282.3 cents per gallon as of October 22, 2007, which is 61.5 cents higher than last year.

Up 27.9% year over year.

Retail diesel prices grew 5.5 cents last week to 309.4 cents per gallon, 57.0 cents per gallon more than last year, and the highest price since October 24, 2005.

Up 22.6% year over year.