Gas Price Update For May 2, 2016

Gas price trend for week of May 2, 2016

Fort Lauderdale, FL – The price of gas surged upward during the past week, according to the U.S. Energy Information Administration. The E.I.A.’s weekly petroleum survey shows the average U.S. gas price went up almost eight cents to hit a national average of about $2.24 per gallon. Most of the major increases happened along the east coast and through the midwest, but it was the lower Atlantic states, including Georgia and Florida, where prices went up the most, an average of 11¢ across the region, by the numbers of the E.I.A. survey.

The price of diesel also went up across all regions, going up an average of 7¢ nationwide, according to the E.I.A. The biggest increases were seen across the lower Atlantic, the midwest and along the west coast region. The U.S. average diesel price is now $2.27 per gallon.

Prices are rising in advance of the busy summer travel season and on rising crude oil prices, which have continued to creep upward since the latter part of winter.

Regional cost averages for both gasoline and diesel are listed below, ranked from highest to lowest price.

Regional Gasoline Averages:

$2.635: PADD 5 WEST COAST (INCL. CA)
$2.334: PADD 5 WEST COAST (W/O CA)
$2.269: PADD 1b CENTRAL ATLANTIC
$2.250: PADD 1a NEW ENGLAND
$2.215: PADD 1 EAST COAST
$2.183: PADD 2 MIDWEST
$2.167: PADD 4 ROCKY MOUNTAIN
$2.163: PADD 1c LOWER ATLANTIC
$1.995: PADD 3 GULF COAST

Regional Diesel Averages:

$2.481: PADD 5 WEST COAST
$2.396: PADD 1b CENTRAL ATLANTIC
$2.334: PADD 1a NEW ENGLAND
$2.306: PADD 1 EAST COAST
$2.255: PADD 4 ROCKY MOUNTAIN
$2.232: PADD 1c LOWER ATLANTIC
$2.232: PADD 2 MIDWEST
$2.137: PADD 3 GULF COAST

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

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About Danny Pryor

Danny Pryor is a media, content and web developer with a long history in broadcast and print journalism. He is also the executive director of Turnpike Information Company. Danny has earned two awards from the Associated Press for his work in media, including Best Individual Achievement for Large Market Radio in Miami. He resides in Fort Lauderdale, Florida.