Gas Price Update For August 1, 2016

Gas price trend for week of August 1, 2016

Fort Lauderdale, FL – The price of gas fell another two cents during the past week, as detailed in the weekly gas price survey from the U.S. Energy Information Administration.

Data in the report show the price of gas fell in all regions, with New England and the west coast enjoying the largest price declines, on average, of all the regions. The national average price of gas dropped 2.3ยข per gallon to settle at $2.16, according to the E.I.A. report.

Diesel prices fell just over a three cents, on average. The average price of diesel is about $2.35 per gallon, with the lowest prices found along the lower Atlantic and the gulf coast.

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

Regional Gasoline Averages:

$2.614: PADD 5 WEST COAST (INCL. CA)
$2.421: PADD 5 WEST COAST (W/O CA)
$2.252: PADD 4 ROCKY MOUNTAIN
$2.168: PADD 1a NEW ENGLAND
$2.172: PADD 1b CENTRAL ATLANTIC
$2.100: PADD 1 EAST COAST
$2.075: PADD 2 MIDWEST
$2.025: PADD 1c LOWER ATLANTIC
$1.944: PADD 3 GULF COAST

Regional Diesel Averages:

$2.630: PADD 5 WEST COAST
$2.441: PADD 1b CENTRAL ATLANTIC
$2.419: PADD 4 ROCKY MOUNTAIN
$2.396: PADD 1a NEW ENGLAND
$2.354: PADD 1 EAST COAST
$2.304: PADD 2 MIDWEST
$2.279: PADD 1c LOWER ATLANTIC
$2.224: PADD 3 GULF COAST

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

Author: Danny Pryor

Danny has more than 30 years of experience in media, including broadcasting and print journalism, and nearly two decades of website and digital content development. He is an AP-award-winning reporter and the creator of TurnpikeInfo.com.