Gas Price Update For March 5, 2018

Gas price trend for week of March 5, 2018

Fort Lauderdale, FL – After three weeks of price declines, drivers were hit with an increase in costs at the pump this week, according to the U.S. Energy Information Administration. The E.I.A.’s weekly fuel price survey shows the average cost of gas for Americas’ drivers went up by over a penny per gallon. The nation’s average price for a gallon of regular unleaded is now $2.56, according to the weekly report.

Price declines of identical amounts were felt in the New England states, as well as in the Central Atlantic and Rocky Mountain regions, the E.I.A. reported. But price increases across the Midwest, the Gulf Coast, and the Lower Atlantic states weighed heavily on the nation’s price averages this week.

Truckers kept getting a break in prices, though, bucking the gasoline trend this week, the E.I.A. reported. The survey report shows the average cost of diesel dipped by well over a penny per gallon to settle below $3.00 for the first time since the beginning of 2018. Average diesel prices, nationwide, are $2.99 per gallon, according to the E.I.A.

Fuel prices for all regions are shown below, as gathered from www.eia.gov.

E.I.A. Gas Price Survey

02/19/18 02/26/18 03/05/18 week ago year ago
U.S. 2.557 2.548 2.560 values are up 0.012 values are up 0.219
East Coast (PADD1) 2.559 2.530 2.534 values are up 0.004 values are up 0.249
  New England (PADD1A) 2.603 2.582 2.565 values are down -0.017 values are up 0.307
  Central Atlantic (PADD1B) 2.693 2.664 2.647 values are down -0.017 values are up 0.259
  Lower Atlantic (PADD1C) 2.446 2.414 2.440 values are up 0.026 values are up 0.225
Midwest (PADD2) 2.390 2.405 2.428 values are up 0.023 values are up 0.161
Gulf Coast (PADD3) 2.276 2.250 2.278 values are up 0.028 values are up 0.184
Rocky Mountain (PADD4) 2.486 2.454 2.437 values are down -0.017 values are up 0.150
West Coast (PADD5) 3.130 3.136 3.141 values are up 0.005 values are up 0.309
  West Coast less California 2.752 2.751 2.770 values are up 0.019 values are up 0.228

E.I.A. Diesel Price Survey

02/19/18 02/26/18 03/05/18 week ago year ago
U.S. 3.027 3.007 2.992 values are down -0.015 values are up 0.413
East Coast (PADD1) 3.082 3.057 3.046 values are down -0.011 values are up 0.413
  New England (PADD1A) 3.129 3.127 3.126 values are down -0.001 values are up 0.480
  Central Atlantic (PADD1B) 3.274 3.255 3.240 values are down -0.015 values are up 0.460
  Lower Atlantic (PADD1C) 2.939 2.906 2.894 values are down -0.012 values are up 0.369
Midwest (PADD2) 2.970 2.947 2.920 values are down -0.027 values are up 0.418
Gulf Coast (PADD3) 2.818 2.797 2.793 values are down -0.004 values are up 0.364
Rocky Mountain (PADD4) 2.953 2.936 2.910 values are down -0.026 values are up 0.285
West Coast (PADD5) 3.399 3.397 3.392 values are down -0.005 values are up 0.515
  West Coast less California 3.072 3.064 3.064 no change 0.000 values are up 0.285
  California 3.658 3.660 3.652 values are down -0.008 values are up 0.696


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

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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.