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/

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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.