Energy Tomorrow is brought to you by the American Petroleum Institute (API), which is the only national trade association that represents all aspects of America's oil and natural gas industry. Our more than 500 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry. They are producers, refiners, suppliers, pipeline operators and marine transporters, as well as service and supply companies that support all segments of the industry.
The average U.S. retail price for regular gasoline rose by 4.9 cents to $2.751 per gallon for the week ending March 8, according to the Energy Information Administration (EIA). This average price is higher than one year ago when the average pump price was 81 cents lower and crude oil costs were 88.9 cents a gallon lower.