Gas Price Update For May 16, 2016

Gas price trend for week of May 16, 2016Fort Lauderdale, FL – The price of gas went up just over two cents nationwide during the past week, according to this week’s pricing survey from the U.S. Energy Information Administration. That gain was just a bit more than last week’s decline, meaning prices are, overall, continuing to climb, even if at an unsteady rate. The E.I.A. report shows shows the price of gas is back to $2.24 per gallon, which is where it was on May 2.

The price of diesel went up across all regions, according to the E.I.A. The national average price for a gallon of diesel went up nearly three cents per gallon to settle at $2.30 per gallon, according to the weekly survey.

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:

$2.644: PADD 5 WEST COAST (INCL. CA)
$2.393: PADD 5 WEST COAST (W/O CA)
$2.282: PADD 1b CENTRAL ATLANTIC
$2.263: PADD 1a NEW ENGLAND
$2.243: PADD 4 ROCKY MOUNTAIN
$2.216: PADD 1 EAST COAST
$2.178: PADD 2 MIDWEST
$2.153: PADD 1c LOWER ATLANTIC
$1.987: PADD 3 GULF COAST

Regional Diesel Averages:

$2.530: PADD 5 WEST COAST
$2.410: PADD 1b CENTRAL ATLANTIC
$2.348: PADD 1a NEW ENGLAND
$2.324: PADD 4 ROCKY MOUNTAIN
$2.321: PADD 1 EAST COAST
$2.271: PADD 2 MIDWEST
$2.248: PADD 1c LOWER ATLANTIC
$2.157: 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.