Gas Price Report For October 22, 2018

Gas price trend for week of October 22, 2018

Fort Lauderdale, FL – For a second consecutive week, retail gas prices dropped for most U.S. drivers, according to the latest weekly fuel price survey from the U.S. Energy Information Administration, a branch of the Department of Energy. The E.I.A.’s weekly survey shows the cost of an average gallon of gas plunged nearly four cents this week. That brings the average U.S. price for a gallon of regular unleaded down to about $2.84.

Prices continued rising along the West Coast and in California, pushing each regional average up by about a penny. Elsewhere, prices were down for most drivers, often substantially, from the Rocky Mountain states to the Lower Atlantic. In the Midwest, home to frequent and dramatic price swings, the average gas cost fell a stiff seven cents per gallon, on average.

Truckers finally caught a break, themselves, this week, according to the E.I.A. survey. Diesel fuel prices fell about one and a half cents, on average, this week, the first time diesel prices have fallen for several weeks. The average cost of a gallon of diesel is about $3.38, according to the E.I.A.

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

E.I.A. Gas Price Survey

10/08/18 10/15/18 10/22/18 week ago year ago
U.S. 2.903 2.879 2.841 values are down -0.038 values are up 0.362
East Coast (PADD1) 2.828 2.809 2.777 values are down -0.032 values are up 0.330
  New England (PADD1A) 2.871 2.854 2.837 values are down -0.017 values are up 0.275
  Central Atlantic (PADD1B) 2.937 2.914 2.888 values are down -0.026 values are up 0.349
  Lower Atlantic (PADD1C) 2.745 2.730 2.690 values are down -0.040 values are up 0.346
Midwest (PADD2) 2.822 2.758 2.689 values are down -0.069 values are up 0.295
Gulf Coast (PADD3) 2.626 2.627 2.582 values are down -0.045 values are up 0.356
Rocky Mountain (PADD4) 2.999 2.982 2.963 values are down -0.019 values are up 0.434
West Coast (PADD5) 3.475 3.494 3.499 values are up 0.005 values are up 0.574
  West Coast less California 3.187 3.235 3.241 values are up 0.006 values are up 0.554

E.I.A. Diesel Price Survey

10/08/18 10/15/18 10/22/18 week ago year ago
U.S. 3.385 3.394 3.380 values are down -0.014 values are up 0.583
East Coast (PADD1) 3.360 3.382 3.369 values are down -0.013 values are up 0.572
  New England (PADD1A) 3.344 3.361 3.368 values are up 0.007 values are up 0.616
  Central Atlantic (PADD1B) 3.531 3.544 3.533 values are down -0.011 values are up 0.609
  Lower Atlantic (PADD1C) 3.243 3.272 3.254 values are down -0.018 values are up 0.539
Midwest (PADD2) 3.351 3.351 3.333 values are down -0.018 values are up 0.554
Gulf Coast (PADD3) 3.169 3.172 3.152 values are down -0.020 values are up 0.538
Rocky Mountain (PADD4) 3.390 3.400 3.408 values are up 0.008 values are up 0.491
West Coast (PADD5) 3.866 3.880 3.871 values are down -0.009 values are up 0.773
  West Coast less California 3.558 3.591 3.587 values are down -0.004 values are up 0.572
  California 4.111 4.109 4.096 values are down -0.013 values are up 0.930

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

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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.