Gas Price Report For January 1, 2018

Editor’s Note: Report released January 2, 2018 due to the New Year’s Day holiday.

Gas price trend for week of January 1, 2018 Fort Lauderdale, FL – Gas prices started the new year with a shocking increase, according to the latest pricing survey from the U.S. Energy Information Administration. The E.I.A. reports the nation’s average cost of a gallon of regular unleaded surged nearly five cents per gallon to $2.52. That increase as more than twice the price hike seen a week earlier, which greeted drivers making last-minute Christmas rounds. Drivers in nearly all regions suffered with higher gas prices, including some weighty increases in the Lower Atlantic states and along the Gulf Coast. Despite a seven cent increase in that region’s average fuel price, the Gulf remains the cheapest place to get gas. Only the Rocky Mountain states enjoyed a slight price dip, of just over one penny per gallon. Truck drivers took it on the chin this week, by the E.I.A. survey report results. The nation’s average cost for a gallon of diesel surged by seven cents per gallon, pushing the national average to $2.97. Fuel prices for all regions are shown below, as gathered from www.eia.gov.

E.I.A. Gas Price Survey

  12/18/17 12/25/17 01/01/18   week ago year ago
U.S. 2.450 2.472 2.520   values are up 0.048 values are up 0.143
East Coast (PADD1) 2.438 2.426 2.492   values are up 0.066 values are up 0.106
  New England (PADD1A) 2.525 2.510 2.533   values are up 0.023 values are up 0.162
  Central Atlantic (PADD1B) 2.571 2.555 2.615   values are up 0.060 values are up 0.119
  Lower Atlantic (PADD1C) 2.313 2.304 2.388   values are up 0.084 values are up 0.081
Midwest (PADD2) 2.324 2.409 2.453   values are up 0.044 values are up 0.106
Gulf Coast (PADD3) 2.164 2.170 2.238   values are up 0.068 values are up 0.090
Rocky Mountain (PADD4) 2.476 2.450 2.437   values are down -0.013 values are up 0.203
West Coast (PADD5) 2.961 2.966 2.975   values are up 0.009 values are up 0.324
  West Coast less California 2.710 2.677 2.678   values are up 0.001 values are up 0.248

E.I.A. Diesel Price Survey

  12/18/17 12/25/17 01/01/18   week ago year ago
U.S. 2.901 2.903 2.973   values are up 0.070 values are up 0.387
East Coast (PADD1) 2.897 2.904 2.980   values are up 0.076 values are up 0.353
  New England (PADD1A) 2.924 2.943 3.010   values are up 0.067 values are up 0.345
  Central Atlantic (PADD1B) 3.060 3.068 3.151   values are up 0.083 values are up 0.375
  Lower Atlantic (PADD1C) 2.778 2.782 2.854   values are up 0.072 values are up 0.340
Midwest (PADD2) 2.853 2.854 2.935   values are up 0.081 values are up 0.395
Gulf Coast (PADD3) 2.697 2.708 2.774   values are up 0.066 values are up 0.323
Rocky Mountain (PADD4) 2.958 2.948 2.981   values are up 0.033 values are up 0.446
West Coast (PADD5) 3.327 3.312 3.361   values are up 0.049 values are up 0.514
  West Coast less California 3.044 3.026 3.073   values are up 0.047 values are up 0.316
  California 3.552 3.539 3.590   values are up 0.051 values are up 0.669

*PADD stands for Petroleum Administration for Defense Districts. Charts from the U.S. Energy Information Administration. https://www.eia.gov/petroleum/gasdiesel/

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.