National Average Remains Nearly The Same, But Regional Prices Increase
The price of a gallon of gas remained flat across many regions of the United States during the past week, according to the latest survey from the U.S. Energy Information Administration. However, the national average, which remains at about $3.33 per gallon, hardly tells the story for most areas, including the West Coast and New England, where prices edged higher by about two cents.
For the broader East Coast and the Lower Atlantic states, the price of gasoline nudged higher by more than 3¢ per gallon. It was the Midwest region’s 4¢ per gallon price decline that tempered the increase in the national averages.
The result is what appears to be a flat week-over-week price point, even though most Americans are paying higher gas prices.
Midwest Prices Ease After Major Hike In Recent Weeks
The cost of fuel in the Midwest dipped by an average of 4¢ per gallon during the past week, helping ameliorate a nasty series of price increases, particularly last week, which had troubled the region during the holidays.
The price of fuel across the nation’s heartland was about $3.07 in the middle of December, but it ended 2013 with average prices having soared to $3.26, and higher in some areas across the midwest. The current average has slipped downward to $3.22.
Diesel Prices Nudge Higher
The price of diesel also remained nearly flat across the nation during the past week, although the average price per gallon did go up, from $3.90 to $3.91. However, extreme pricing can still be found in the New England states and California, where the average price in both regions is currently $4.12. The cheapest price for diesel is still found across the Gulf Coast states.
2014 Gas More Expensive Than 2013, But Diesel Is Mostly Cheaper
The price of gas, while declining for many months at the end of 2013, ended the year higher. Consumer gas prices for many drivers are starting 2014 higher than they were last year, and this is particularly true across the Rocky Mountain region, where the price of regular unleaded gas is 19¢ per gallon higher than at this time one year ago. For truckers in the Rockies, the price of diesel is 21¢ higher, per gallon.
The Rocky Mountain price averages are extreme examples, however, as most Americans, while paying higher prices for gas, are only paying a few cents more per gallon as 2014 starts, versus 2013. Drivers across the Gulf Coast and the Lower Atlantic states are actually paying less, compared with last year.
Diesel drivers are also paying less; in fact, diesel prices across the East Coast and Lower Atlantic states are upwards of 6¢ per gallon less; however, truckers and other diesel car drivers in California are paying as much as 7¢ per gallon more, demonstrating a broad disparity in the distribution of gas prices, from state to state and region to region.