Category: Gas Prices

Average gas prices bounced up nearly three cents per gallon along the East Coast of the United States during the past week, according to this week’s fuel survey by the Energy Information Administration. Some states along the Lower Atlantic states saw only two cent, per average, increase. Drivers living in the Midwest and particularly the Rocky Mountain states saw they fill-up costs leap by as much as 10-cents per gallon, on average. The EIA weekly survey results were released January 28, 2013.

The overall rise in fuel prices across the  the United States comes on the heels of a spike in crude oil prices on the New York Mercantile Exchange late last week. Energy companies generally adjust the prices charged for refined fuels to offset an anticipated rise in crude, even when the delivery dates for crude oil are two and three months away.

The cost of diesel did not rise as much as regular gasoline during the past week; however, diesel still increased by an average of three cents per gallon, following a larger spike in prices last week. The continued increase in diesel costs will continue affecting the trucking industry, particularly smaller fleets and independent operators.

DOWNLOAD THE WEEKLY EIA GAS PRICE SURVEY

Gasoline prices marked a solid decline over the past week, but those drivers enjoying the biggest declines were only to be found on the East Coast and Gulf Coast states. Drivers in the Rocky Mountain States and particularly in the Midwest saw a sharp spike in gas prices, according to the weekly gas price survey from the Energy Information Administration.

The survey showed declines in regular gasoline prices across all regions if the East Coast, which includes New England and the Atlantic states. New England states saw the smallest decline, while states across the lower Atlantic enjoyed a decline of more than 3¢ per gallon.

Conversely, Midwestern drivers found fuel prices surging by upwards of 7¢ per gallon. It was the sharpest increase in fuel prices seen for the Midwest since last August, prices even surpassed last summer’s average price per gallon across the Midwest.  However, prices in states from the Dakotas to Ohio remained below the national average.

Meanwhile, for truckers and other drivers of diesel-fueled vehicles, prices in diesel fuel rose across nearly every region of the United States, while remaining nearly flat across New England and the Central Atlantic states. Overall, Diesel fuel prices remain anywhere from 6¢ to 11¢ per gallon higher than this time last year, except in the Rocky Mountain and West Coast states, where prices year over year have fallen.

DOWNLOAD THE WEEKLY EIA GAS PRICE SURVEY

Gas prices at most stations along the east coast of the U.S. increased between 2¢ and 5¢ per gallon for the week ending January 6, 2013, according to the latest survey from the U.S. Energy Information Administration. Gas prices in the Lower Atlantic states and along the Gulf Coasts increased between 5¢ and 6¢ per gallon.

However, diesel fuel prices largely bucked the trend of increasing gas prices, except in the Central Atlantic states, where prices went up by about 2-cents.

The EIA is a branch of the U.S. Department of Energy, and they conduct their survey each week, releasing the figures they have gathered every Monday.
Download the current survey report.