Monthly Archives: May 2018

Gas Price Report For May 28, 2018*

*Note: Memorial Day on May 28, 2018. Report release May 29, 2019.

Gas price trend for week of May 28, 2018

Fort Lauderdale, FL – The unofficial start of the summer driving season kicked off with an official increase in gas prices, according to the U.S. Energy Information Administration, pushing prices to within pennies of the $3.00 threshold. The national average price of a gallon of regular unleaded jumped another four cents, week on week, to settle at $2.96, according to the weekly E.I.A. fuel price survey. That price is 49-cents higher than where prices were just five months ago, on Christmas Day, and represents nearly a twenty-percent increase in fuel prices since the start of the year, according to E.I.A. price surveys.

Prices went up in all regions, though some were hit much harder than others, by the survey data. Prices were up nearly seven cents per gallon across the Lower Atlantic, while prices in the Rocky Mountain states were up by just over two cents per gallon. California, where prices are among the highest in the nation, this week’s two-cent price hike pushed costs to $3.64 per gallon.

Truckers, on average, are paying about $4.00 per gallon in California, though the national average price for diesel is much lower. Still, truckers in nearly all regions felt another price hike at the pump this week, as the national average price of diesel went up about a penny per gallon to near $3.29.

This week’s average fuel prices for all regions are shown below, as gathered from www.eia.gov.

E.I.A. Gas Price Survey

05/14/18 05/21/18 05/28/18 week ago year ago
U.S. 2.873 2.923 2.962 values are up 0.039 values are up 0.556
East Coast (PADD1) 2.820 2.860 2.910 values are up 0.050 values are up 0.569
  New England (PADD1A) 2.874 2.945 2.980 values are up 0.035 values are up 0.570
  Central Atlantic (PADD1B) 2.944 2.997 3.027 values are up 0.030 values are up 0.561
  Lower Atlantic (PADD1C) 2.726 2.751 2.818 values are up 0.067 values are up 0.591
Midwest (PADD2) 2.782 2.851 2.881 values are up 0.030 values are up 0.580
Gulf Coast (PADD3) 2.613 2.676 2.721 values are up 0.045 values are up 0.566
Rocky Mountain (PADD4) 2.922 2.968 2.991 values are up 0.023 values are up 0.569
West Coast (PADD5) 3.405 3.435 3.463 values are up 0.028 values are up 0.504
  West Coast less California 3.166 3.208 3.248 values are up 0.040 values are up 0.580

E.I.A. Diesel Price Survey

05/14/18 05/21/18 05/28/18 week ago year ago
U.S. 3.239 3.277 3.288 values are up 0.011 values are up 0.717
East Coast (PADD1) 3.236 3.271 3.287 values are up 0.016 values are up 0.679
  New England (PADD1A) 3.251 3.282 3.307 values are up 0.025 values are up 0.685
  Central Atlantic (PADD1B) 3.380 3.420 3.443 values are up 0.023 values are up 0.692
  Lower Atlantic (PADD1C) 3.132 3.163 3.174 values are up 0.011 values are up 0.669
Midwest (PADD2) 3.175 3.218 3.230 values are up 0.012 values are up 0.718
Gulf Coast (PADD3) 3.012 3.055 3.054 values are down -0.001 values are up 0.631
Rocky Mountain (PADD4) 3.316 3.348 3.353 values are up 0.005 values are up 0.692
West Coast (PADD5) 3.731 3.765 3.784 values are up 0.019 values are up 0.941
  West Coast less California 3.482 3.503 3.514 values are up 0.011 values are up 0.779
  California 3.929 3.973 3.997 values are up 0.024 values are up 1.066

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

Gas Price Report For May 21, 2018

Gas price trend for the week of May 21, 2018

Fort Lauderdale, FL – Gas prices continued their upward climb during the past week, according to the latest weekly survey from the U.S. Energy Information Administration. The E.I.A.’s weekly fuel price survey shows the average price of gas jumped another nickel per gallon during the week to $2.92. That figure represents more than 30-cents’ worth of price hikes in the past two months, as crude oil prices surge amid global tensions and the approach of the summer driving season.

Prices went up in all regions, although the range of increases varied widely, from just over two cents in the Lower Atlantic states, to over seven cents per gallon across the New England states, according to the weekly survey.

Truckers were hit with a four-cent per gallon increase in average diesel prices this week. The E.I.A. reports the average price for a gallon of diesel is now $3.28.

This week’s average fuel prices for all regions are shown below, as gathered from www.eia.gov.

E.I.A. Gas Price Survey

05/07/18 05/14/18 05/21/18 week ago year ago
U.S. 2.845 2.873 2.923 values are up 0.050 values are up 0.524
East Coast (PADD1) 2.792 2.820 2.860 values are up 0.040 values are up 0.533
  New England (PADD1A) 2.836 2.874 2.945 values are up 0.071 values are up 0.552
  Central Atlantic (PADD1B) 2.917 2.944 2.997 values are up 0.053 values are up 0.555
  Lower Atlantic (PADD1C) 2.685 2.726 2.751 values are up 0.025 values are up 0.530
Midwest (PADD2) 2.697 2.782 2.851 values are up 0.069 values are up 0.536
Gulf Coast (PADD3) 2.589 2.613 2.676 values are up 0.063 values are up 0.527
Rocky Mountain (PADD4) 2.821 2.922 2.968 values are up 0.046 values are up 0.587
West Coast (PADD5) 3.464 3.405 3.435 values are up 0.030 values are up 0.502
  West Coast less California 3.173 3.166 3.208 values are up 0.042 values are up 0.552

E.I.A. Diesel Price Survey

05/07/18 05/14/18 05/21/18 week ago year ago
U.S. 3.171 3.239 3.277 values are up 0.038 values are up 0.738
East Coast (PADD1) 3.178 3.236 3.271 values are up 0.035 values are up 0.683
  New England (PADD1A) 3.215 3.251 3.282 values are up 0.031 values are up 0.656
  Central Atlantic (PADD1B) 3.336 3.380 3.420 values are up 0.040 values are up 0.687
  Lower Atlantic (PADD1C) 3.061 3.132 3.163 values are up 0.031 values are up 0.684
Midwest (PADD2) 3.092 3.175 3.218 values are up 0.043 values are up 0.750
Gulf Coast (PADD3) 2.955 3.012 3.055 values are up 0.043 values are up 0.671
Rocky Mountain (PADD4) 3.249 3.316 3.348 values are up 0.032 values are up 0.719
West Coast (PADD5) 3.662 3.731 3.765 values are up 0.034 values are up 0.937
  West Coast less California 3.409 3.482 3.503 values are up 0.021 values are up 0.778
  California 3.863 3.929 3.973 values are up 0.044 values are up 1.061

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

Gas Price Report For May 14, 2018

Gas price trend for week of May 14, 2018

Fort Lauderdale, FL – After a single week of relief from never-ending gas price increases, the cost of fuels shot up nationwide during the past week, according to the latest gas price survey from the U.S. Energy Information Administration. The average cost of one gallon of gas in the U.S. is now just over $2.87.

That price represents a seven cent increase over last week, but there is a catch. That increase is depended on a new statistical methodology the E.I.A. announced it would begin testing this week. The new methodology includes a refinement in how the agency calculates average prices by zip-code, what geographic areas qualify as cities, and an update to the sample of stations surveyed, the agency reported on its website. The updated sampling methodology does not apply to diesel pricing surveys.

By the new statistical model, weekly gas prices increased well over seven cents, on a nationwide basis, last week. Some regions, particularly the Midwest and Rocky Mountain states, were hit with ten-cent and eight-cent price hikes, respectively.

Truckers were also greeted this week with a substantial hike in diesel prices. The E.I.A. reports the average cost of diesel went up nearly seven cents per gallon, bringing the average price to just shy of $3.24.

This week’s average fuel prices for all regions are shown below, as gathered from www.eia.gov.

Note: There are two regular gas price tables this week in order to detail the price trends with the new a E.I.A. statistical calculus, versus the old methodology. The E.I.A. announced it implemented the new methodologies with the May 14, 2018 gas price survey. That new survey method is shown first, followed by a table using the old method.

The statistical models used for calculating diesel price averages has not been changed.

E.I.A. Gas Price Survey (New Stat. Method)

04/30/18 05/07/18 05/14/18 week ago year ago
U.S. 2.797 2.801 2.873 values are up 0.072 values are up 0.504
East Coast (PADD1) 2.769 2.761 2.820 values are up 0.059 values are up 0.500
  New England (PADD1A) 2.816 2.834 2.874 values are up 0.040 values are up 0.507
  Central Atlantic (PADD1B) 2.908 2.898 2.944 values are up 0.046 values are up 0.507
  Lower Atlantic (PADD1C) 2.671 2.656 2.726 values are up 0.070 values are up 0.508
Midwest (PADD2) 2.697 2.683 2.782 values are up 0.099 values are up 0.514
Gulf Coast (PADD3) 2.589 2.555 2.613 values are up 0.058 values are up 0.484
Rocky Mountain (PADD4) 2.829 2.838 2.922 values are up 0.084 values are up 0.538
West Coast (PADD5) 3.302 3.347 3.405 values are up 0.058 values are up 0.533
  West Coast less California 3.082 3.129 3.166 values are up 0.037 values are up 0.523

E.I.A. Gas Price Survey (Old Stat. Method)

04/30/18 05/07/18 05/14/18 week ago year ago
U.S. 2.846 2.845 2.873 values are not available NA values are up 0.504
East Coast (PADD1) 2.789 2.792 2.820 values are not available NA values are up 0.500
  New England (PADD1A) 2.812 2.836 2.874 values are not available NA values are up 0.507
  Central Atlantic (PADD1B) 2.910 2.917 2.944 values are not available NA values are up 0.507
  Lower Atlantic (PADD1C) 2.692 2.685 2.726 values are not available NA values are up 0.508
Midwest (PADD2) 2.724 2.697 2.782 values are not available NA values are up 0.514
Gulf Coast (PADD3) 2.589 2.589 2.613 values are not available NA values are up 0.484
Rocky Mountain (PADD4) 2.803 2.821 2.922 values are not available NA values are up 0.538
West Coast (PADD5) 3.432 3.464 3.405 values are not available NA values are up 0.533
  West Coast less California 3.128 3.173 3.166 values are not available NA values are up 0.523

E.I.A. Diesel Price Survey (No Change In Stat. Method)

04/30/18 05/07/18 05/14/18 week ago year ago
U.S. 3.157 3.171 3.239 values are up 0.068 values are up 0.695
East Coast (PADD1) 3.162 3.178 3.236 values are up 0.058 values are up 0.641
  New England (PADD1A) 3.203 3.215 3.251 values are up 0.036 values are up 0.625
  Central Atlantic (PADD1B) 3.321 3.336 3.380 values are up 0.044 values are up 0.643
  Lower Atlantic (PADD1C) 3.042 3.061 3.132 values are up 0.071 values are up 0.644
Midwest (PADD2) 3.083 3.092 3.175 values are up 0.083 values are up 0.696
Gulf Coast (PADD3) 2.946 2.955 3.012 values are up 0.057 values are up 0.630
Rocky Mountain (PADD4) 3.215 3.249 3.316 values are up 0.067 values are up 0.690
West Coast (PADD5) 3.640 3.662 3.731 values are up 0.069 values are up 0.907
  West Coast less California 3.394 3.409 3.482 values are up 0.073 values are up 0.754
  California 3.834 3.863 3.929 values are up 0.066 values are up 1.027

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

Gas Price Report For May 7, 2018

Gas price report for May 7, 2018

Fort Lauderdale, FL – For the first time in four weeks, the nation’s gas prices finally leveled off, although not in all regions. Gas price data were released in the weekly fuel price survey from the U.S. Energy Information Administration, which shows the nation’s average gas price was flat week over week, holding at nearly $2.85 per gallon.

Many regions enjoyed a flattening of the increasing price curve, though not all. Drivers on the West Coast and across New England had price increases of about three and two cents per gallon, respectively, according to the survey report. However, drivers in the Midwest enjoyed a price decline of about three cents per gallon.

Truckers were still hit with another diesel price increase this week. The E.I.A. reports the average cost of diesel went up a little over a penny per gallon, bringing the average price to just over $3.17.

This week’s average fuel prices for all regions are shown below, as gathered from www.eia.gov.

E.I.A. Gas Price Survey

04/23/18 04/30/18 05/07/18 week ago year ago
U.S. 2.798 2.846 2.845 values are down -0.001 values are up 0.473
East Coast (PADD1) 2.751 2.789 2.792 values are up 0.003 values are up 0.444
  New England (PADD1A) 2.759 2.812 2.836 values are up 0.024 values are up 0.452
  Central Atlantic (PADD1B) 2.862 2.910 2.917 values are up 0.007 values are up 0.457
  Lower Atlantic (PADD1C) 2.665 2.692 2.685 values are down -0.007 values are up 0.432
Midwest (PADD2) 2.657 2.724 2.697 values are down -0.027 values are up 0.465
Gulf Coast (PADD3) 2.546 2.589 2.589 no change 0.000 values are up 0.421
Rocky Mountain (PADD4) 2.772 2.803 2.821 values are up 0.018 values are up 0.428
West Coast (PADD5) 3.391 3.432 3.464 values are up 0.032 values are up 0.601
  West Coast less California 3.088 3.128 3.173 values are up 0.045 values are up 0.522

E.I.A. Diesel Price Survey

04/23/18 04/30/18 05/07/18 week ago year ago
U.S. 3.133 3.157 3.171 values are up 0.014 values are up 0.606
East Coast (PADD1) 3.142 3.162 3.178 values are up 0.016 values are up 0.566
  New England (PADD1A) 3.171 3.203 3.215 values are up 0.012 values are up 0.573
  Central Atlantic (PADD1B) 3.295 3.321 3.336 values are up 0.015 values are up 0.583
  Lower Atlantic (PADD1C) 3.028 3.042 3.061 values are up 0.019 values are up 0.554
Midwest (PADD2) 3.047 3.083 3.092 values are up 0.009 values are up 0.595
Gulf Coast (PADD3) 2.936 2.946 2.955 values are up 0.009 values are up 0.545
Rocky Mountain (PADD4) 3.181 3.215 3.249 values are up 0.034 values are up 0.598
West Coast (PADD5) 3.616 3.640 3.662 values are up 0.022 values are up 0.816
  West Coast less California 3.366 3.394 3.409 values are up 0.015 values are up 0.662
  California 3.815 3.834 3.863 values are up 0.029 values are up 0.936

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