Gas Price Report For February 12, 2018

Gas price trend for week of February 12, 2018

Fort Lauderdale, FL – After weeks of unrelenting increases, the price of gas finally gave some ground this week, according to the latest fuel-price survey from the U.S. Energy Information Administration. The E.I.A. report shows the nation’s average gas price dropped three cents during the week, the first time prices have gone down since just before the Christmas holiday. The nation’s average gas price now stands about about $2.61 per gallon. The price drop did not hit every region. New England drivers and those across the West Coast, sans California, had a bump in prices. All other regions enjoyed a price decline, led by the Midwest, where prices plunged over seven cents per gallon, according to the E.I.A. Truckers got a decent break in prices at the pump this week, by the survey numbers. The cost of diesel dropped, on average, just over two cents per gallon this week to settle at $3.06. Fuel prices for all regions are shown below, as gathered from www.eia.gov.

E.I.A. Gas Price Survey

01/29/18 02/05/18 02/12/18 week ago year ago
U.S. 2.607 2.637 2.607 values are down -0.030 values are up 0.300
East Coast (PADD1) 2.587 2.614 2.606 values are down -0.008 values are up 0.313
  New England (PADD1A) 2.606 2.638 2.641 values are up 0.003 values are up 0.345
  Central Atlantic (PADD1B) 2.723 2.743 2.724 values are down -0.019 values are up 0.300
  Lower Atlantic (PADD1C) 2.480 2.510 2.508 values are down -0.002 values are up 0.313
Midwest (PADD2) 2.510 2.535 2.463 values are down -0.072 values are up 0.250
Gulf Coast (PADD3) 2.347 2.368 2.331 values are down -0.037 values are up 0.251
Rocky Mountain (PADD4) 2.483 2.496 2.510 values are up 0.014 values are up 0.280
West Coast (PADD5) 3.088 3.145 3.142 values are down -0.003 values are up 0.410
  West Coast less California 2.729 2.756 2.768 values are up 0.012 values are up 0.281

E.I.A. Diesel Price Survey

01/29/18 02/05/18 02/12/18 week ago year ago
U.S. 3.070 3.086 3.063 values are down -0.023 values are up 0.498
East Coast (PADD1) 3.112 3.133 3.111 values are down -0.022 values are up 0.485
  New England (PADD1A) 3.160 3.188 3.154 values are down -0.034 values are up 0.486
  Central Atlantic (PADD1B) 3.306 3.324 3.306 values are down -0.018 values are up 0.541
  Lower Atlantic (PADD1C) 2.968 2.988 2.966 values are down -0.022 values are up 0.447
Midwest (PADD2) 3.030 3.044 3.020 values are down -0.024 values are up 0.533
Gulf Coast (PADD3) 2.868 2.874 2.851 values are down -0.023 values are up 0.427
Rocky Mountain (PADD4) 2.967 2.981 2.972 values are down -0.009 values are up 0.450
West Coast (PADD5) 3.434 3.460 3.432 values are down -0.028 values are up 0.563
  West Coast less California 3.120 3.144 3.107 values are down -0.037 values are up 0.346
  California 3.683 3.711 3.689 values are down -0.022 values are up 0.732

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