Daily Archives: February 8, 2016

Gas Price Update For February 8, 2016

Gas price trend for week of February 8, 2016Fort Lauderdale, FL – Gas prices plunged another six cents during the past week. The latest report from the U.S. Energy Information Administration shows the average price for a gallon of regular unleaded has fallen to $1.76, with the cheapest prices in the country already closing in on the $1.50 mark.

The price of diesel fuels is on the verge of falling through the $2.00 floor, as average costs settled just under $2.01 per gallon during the past week.

For both gasoline and diesel prices, the highest prices are found on the west coast, and the midwest region traded places with the gulf coast states this week to become the least expensive place to buy fuel.

Gas and diesel prices, by region, are as follows, ranked highest to lowest:

Regional Gasoline Averages:

$2.312: PADD 5 WEST COAST (INCL. CA)
$2.012: PADD 5 WEST COAST (W/O CA)
$1.879: PADD 1b CENTRAL ATLANTIC
$1.842: PADD 1a NEW ENGLAND
$1.794: PADD 1 EAST COAST
$1.753: PADD 4 ROCKY MOUNTAIN
$1.716: PADD 1c LOWER ATLANTIC
$1.561: PADD 3 GULF COAST
$1.518: PADD 2 MIDWEST

Regional Diesel Averages:

$2.236: PADD 5 WEST COAST
$2.224: PADD 1b CENTRAL ATLANTIC
$2.201: PADD 1a NEW ENGLAND
$2.087: PADD 1 EAST COAST
$1.959: PADD 1c LOWER ATLANTIC
$1.929: PADD 2 MIDWEST
$1.914: PADD 4 ROCKY MOUNTAIN
$1.896: PADD 3 GULF COAST

Note: PADD is an acronym for Petroleum Administration for Defense Districts.