Gas Price Update For November 30, 2015

Gas price trend for week of November 30, 2015Fort Lauderdale, FL – The price of gas took a dip, along with the temperatures, across most regions of the United States during the past week, giving U.S. drivers a reason to extend a period of giving thanks. The U.S. Energy Information Administration reported a 3-cent drop in gas prices, bringing the average price of a gallon of regular unleaded to just $2.06.

The price of gas along the gulf coast is now only $1.82 per gallon, as the region retained its status during the week as having the nation’s cheapest fuel. The midwest was not far behind, with gas costing just $1.88 per gallon. California and the west coast had the highest prices, with the cost of regular unleaded going for $2.69 and $2.55, respectively. Without California’s enormous economic influence added to the calculation, west coast gas averages only $2.31 per gallon.

Prices by region are as follows, ranked highest to lowest.

$2.551: PADD 5 WEST COAST (INCL. CA)
$2.176: PADD 1b CENTRAL ATLANTIC
$2.150: PADD 1a NEW ENGLAND
$2.087: PADD 1 EAST COAST
$2.052: PADD 4 ROCKY MOUNTAIN
$2.002: PADD 1c LOWER ATLANTIC
$1.877: PADD 2 MIDWEST
$1.824: PADD 3 GULF COAST

Note: PADD is an acronym for Petroleum Administration for Defense Districts.

Gas Price Update For November 23, 2015

Gas price trend for week of November 23, 2015Fort Lauderdale, FL – The price of gas fell precipitously during the past week, shedding nine cents per gallon, on average, for drivers across the United States. Prices came down in all regions, according to the regular update from the U.S. Energy Information Administration, which reports this week the average price, nationwide, has fallen to $2.09. The price declines have been lead by significant reductions across two key regions: the gulf coast and the midwest, both of which now share the numbers one and two spots, respectively, for regions with the country’s cheapest gas.

However, the cost of filling the tank remained nearly the same for most drivers across the New England and central Atlantic regions. The price of fuel only came down two cents across New England and four cents across the central Atlantic. California continues to have the highest gas prices in the country, with the cost of regular unleaded setting one back $2.72 per gallon.

Prices by region are as follows, ranked highest to lowest.

$2.579: PADD 5 WEST COAST
$2.184: PADD 1b CENTRAL ATLANTIC
$2.148: PADD 1a NEW ENGLAND
$2.107: PADD 1 EAST COAST
$2.092: PADD 4 ROCKY MOUNTAIN
$2.036: PADD 1c LOWER ATLANTIC
$1.935: PADD 2 MIDWEST
$1.854: PADD 3 GULF COAST

Note: PADD is an acronym for Petroleum Administration for Defense Districts.

Gas Price Update For November 16, 2015

Gas price trend for the week of November 16, 2015Fort Lauderdale, FL – The price of filling the fuel tank came down during the past week, by a nationwide average of six cents per gallon, according to the weekly update from the U.S. Energy Information Administration. The average price of a gallon of unleaded gas is now $2.18, with many regions reclaiming lower prices following last week’s unexpected increase.

The costliest place to buy gasoline remains California and the broader west coast, where prices are at $2.64 per gallon, but the price is down three cents from last week. Sans the Golden State, the price of regular unleaded settled at just $2.39 for the west coast region. Prices along the gulf coast were the lowest, at $1.93 per gallon. Midwest gas prices endured a radical price swing this week, but to the benefit of the consumer; prices across the region fell an average of 13¢ per gallon during the week.

Prices by region are as follows, ranked highest to lowest.

$2.636: PADD 5 WEST COAST
$2.220: PADD 1b CENTRAL ATLANTIC
$2.085: PADD 2 MIDWEST
$2.136: PADD 4 ROCKY MOUNTAIN
$2.168: PADD 1a NEW ENGLAND
$2.155: PADD 1 EAST COAST
$2.103: PADD 1c LOWER ATLANTIC
$1.926: PADD 3 GULF COAST

Note: PADD is an acronym for Petroleum Administration for Defense Districts.

Gas Price Update For November 9, 2015


Gas price trend for week of November 9, 2015Fort Lauderdale, FL
 – U.S. gas prices moved slightly higher during the past week, led largely by strong price gains in key regions. The average U.S. gas price nudged higher by about two cents, according to the latest data from the U.S. Energy Information Administration. However, in regions where the price did increase, the increases were typically much higher than a couple cents.

Strong declines in prices across the Rocky Mountain and across the midwestern states held the U.S. average in check. Prices surged the lower Atlantic states and along the Gulf Coast, with moderate price increases seen in California and, more broadly, the far west coast.

The highest gas prices are found on the west coast, sans California, where prices edged upward by almost five cents per gallon. With the golden state added to the mix, prices only slipped up by two cents. The lowest prices were still to be found on the gulf coast, but prices in that survey district, too, jumped during the past week, climbing almost six cents per gallon.t

Prices by region are as follows, ranked highest to lowest.

$2.667: PADD 5 WEST COAST
$2.229: PADD 1b CENTRAL ATLANTIC
$2.215: PADD 2 MIDWEST
$2.181: PADD 4 ROCKY MOUNTAIN
$2.176: PADD 1a NEW ENGLAND
$2.164: PADD 1 EAST COAST
$2.111: PADD 1c LOWER ATLANTIC
$1.972: PADD 3 GULF COAST

Gas Price Update for November 2, 2015

Gas price trend for week of November 2, 2015Fort Lauderdale, FL – U.S. gas prices held steady or moved lower, on average, in most areas during the past week. However a pair of survey regions showed prices moving higher, according to the latest data from the U.S. Energy Information Administration.

The U.S. average price came down to $2.22 per gallon, according to the weekly release from the E.I.A. Prices along the Gulf Coast continued falling, already well below the $2.00 mark, with the average regional gas price hitting about $1.92 per gallon. The highest gas prices are found on the west coast, where prices still fell to an average of $2.65 per gallon. Without California in the mix, the west coast average fell to $2.35 per gallon.

Prices by region are as follows, ranked highest to lowest.

$2.646: PADD 5 WEST COAST
$2.268: PADD 2 MIDWEST
$2.240: PADD 4 ROCKY MOUNTAIN
$2.174: PADD 1b CENTRAL ATLANTIC
$2.153: PADD 1a NEW ENGLAND
$2.114: PADD 1 EAST COAST
$2.057: PADD 1c LOWER ATLANTIC
$1.916: PADD 3 GULF COAST

Gas Price Update For October 26, 2015

Gas price trend for week of October 26, 2015Baltimore, MD – U.S. gas prices dropped about five cents, on average, during the past week, as prices along the Gulf Coast dropped well below the $2.00 threshold. The U.S. average price came down to $2.23 per gallon this week, according to the weekly release from the U.S. Energy Information Administration. Many survey regions across the U.S. were below that average.

The highest gas prices are found on the west coast, particularly in California. The average price of gas in the far west was $2.68 per gallon, the highest of all the survey regions. California, by itself, has an average gas price of $2.85 per gallon. The lowest was the gulf coast, where the official average price fell to $1.95.

Prices by region are as follows, ranked highest to lowest.

$2.677: PADD 5 WEST COAST
$2.302: PADD 4 ROCKY MOUNTAIN
$2.228: PADD 2 MIDWEST
$2.195: PADD 1b CENTRAL ATLANTIC
$2.163: PADD 1a NEW ENGLAND
$2.128: PADD 1 EAST COAST
$2.068: PADD 1c LOWER ATLANTIC
$1.945: PADD 3 GULF COAST

Penna Turnpike Exit 320 To Close Saturday Night

IMG_1681Repairs On Exit Tolling Equipment Forcing Temporary Shutdown

Exit 320 from the Pennsylvania Turnpike to State Road 29, also known as US Highway 202, will be closing overnight Saturday, according to a statement released today by the Pennsylvania Turnpike Commission. The exit is an E-ZPass Only exit. The closure is set to last from 10 p.m. Saturday until 7 a.m. Sunday, but the closure times may change, based upon weather, said Renee Colburn, the PA Turnpike spokesperson.

In her written statement, Colburn said the closure is necessary to repair and upgrade electronic tolling equipment. Message boards will direct drivers who would normally want to utilize the exit.

Authorities are advising travelers driving westbound to use the Valley Forge exit, which is exit 326. Eastbound travelers are being advised to use the Downingtown exit, at mile marker 312. Alternatively, either exit may be used for drivers traveling in either direction. Please reference the Pennsylvania Turnpike map directory for a full list of exits near to SR 29.

Gas Price Update for October 19, 2015

Gas Prices Decline Week On Week

2015-10-19-trendU.S. gas prices dropped about five cents, on average, during the past week, with prices in many areas already below the $2.00 mark. However, the U.S. average remains well above that threshold, with the official price settling this week at $2.28 per gallon, according to the weekly release from the U.S. Energy Information Administration.

The highest gas prices are found on the west coast, particularly in California. The average price of gas in the far west was $2.70 per gallon, the highest of all the survey regions. The lowest was the gulf coast, where the official average price is at $2.00.

Prices by region are as follows, ranked highest to lowest.

$2.699: PADD 5 WEST COAST
$2.356: PADD 4 ROCKY MOUNTAIN
$2.300 PADD 2 MIDWEST
$2.224 PADD 1b CENTRAL ATLANTIC
$2.182 PADD 1a NEW ENGLAND
$2.165 PADD 1 EAST COAST
$2.115 PADD 1c LOWER ATLANTIC
$2.003 PADD 3 GULF COAST

Editor's note: This story has been edited with the following corrections: 1) The gas price graphic was changed to a) correct the trend color on the price and to b) reflect the correct price differential; 2) The story has been edited to a) correct the weekly gas price decline and b) to correct the weekly average price.

Gas Price Hikes Slow As Summer Driving Begins

Prices Up More Than 12 Percent Since Late April

Gas prices have surged an average 36% since the end of January, when prices hit their low point.

Gas prices have surged an average 36% since the end of January, when prices hit their low point.

A spate of mid-spring gas price hikes, closely tied to a rebound in crude oil prices, has begun to slow with the onset of the summer driving season. Nonetheless, weeks of unrelenting price hikes have pushed the retail price of gasoline up about 30¢ per gallon since late April, according to data from the U.S. Energy Information Administration. The surge in retail prices has reclaimed price gains made in favor of consumers since the middle of summer 2014.

The biggest price increases happened in a three week period from April 20 through May 4, when prices shot up 8 and 9 cents per week. By the middle of May, price increases were smaller, but remained persistent. It is unclear whether the pace of increases will continue to slow, which normally happens this time of year.

Year Over Year, Prices Down By Almost A Dollar

While the recent price gains for retailers may seem to sting the consumer, the overall picture is actually quite good. Going into summer 2015, drivers around the U.S. are paying almost a dollar less for every gallon of gas they buy. From the Gulf Coast to the New England states, prices are down anywhere from 95¢ per gallon to over $1.00. However, drivers in California, hit hardest by recent price increases, are only realizing a year-on-year price break of about 50¢ per gallon.

In all, the recent weekly price increases, which started in earnest in late April, are shown in the graphics below, highlighting weekly U.S. averages and regional high and low points. A synopsis of the week’s activity is summarized. The E.I.A. weekly price tables are also included.

May 25, 2015

2015-05-25-trend With the onset of the summer driving season,  gas prices are 73¢ per gallon higher than when they hit their low spot on January 26. In the four months since, crude oil stabilized and global demand began to shrink. But refineries also switched to summer blended gasoline, which adds to seasonal price increases.

Even so, the price differential from late January represents a 36% jump in retail gas prices. Put a different way, if the weekly price increases are averaged, prices have gone up 4.3¢ every week since February began.

Download the weekly EIA Gas Price Survey for May 25


May 18, 2015

2015-05-18-trend As the retail gas price reversal continues, prices have during the May 18, 2015 E.I.A. survey hit a figure most consumers had not seen since just after Thanksgiving the previous year. Price increases since April 20 had pushed consumer costs up 35¢ per gallon, erasing a significant portion of the gains drivers had enjoyed in the retail price arena.

The bounce in prices in the May 18 report was offset by news the same day that crude oil supplies would remain high, a potential indicator of steady or even lower gas prices in the weeks ahead.

Download the weekly EIA Gas Price Survey for May 18


May 11, 2015

2015-05-11-trendWeeks of unsteady increases in crude oil prices had been adding to the retail price hikes, but the price at the pump did not increase as much the week of May 11, 2015. The weekly E.I.A. report showed the average price nationwide increased three cents per gallon, but that was less than half the rate of the previous three weeks.

Nonetheless, the damage had been done. By the time of the May 11 report, consumer gas prices had jumped an average of 20¢ in less than a month.

Download the weekly EIA Gas Price Survey for May 11


May 4, 2015

2015-05-04-trendCrude oil prices have been rising on an unsteady course since the middle of March, pushing  consumer gas prices higher. The weekly price report for May 4 showed the strongest weekly price hike since the February 9, 2015 report, when prices soared 12¢ week on week.

The region hit hardest by the price gains was the West Coast, where a significant surge in California’s gas prices dragged the entire regional price index higher by 24¢ per gallon. That nearly matched the previous three weeks’ worth of increases in the national averages.

Download the weekly EIA Gas Price Survey for May 4


April 27, 2015

2015-04-27-trendWith crude oil prices continuing to climb,  consumers continued to pay the price at the pump the week of April 27. Prices jumped 8 cents for the second consecutive week, pushing the national average over the $2.50 threshold, and rapidly pushing the national average price closer to $2.60, a level not seen since December.

Meanwhile, drivers on the West coast were hit hard with a 21¢ weekly price hike.

Crude oil, which had been threatening to close over 60 dollars per barrel for the first time in months, would finally do so only three days later.

Download the weekly EIA Gas Price Survey for April 27


April 20, 2015

2015-04-20-trendIt has been five weeks since the late-winter price surges that pushed gas prices from a national average low of $2.04 per gallon to $2.49 per gallon by March 9. However, prices had remained little changed since that time, going down only a few cents in the intervening weeks.

The April 20 gas price survey showed prices were about to soar from week to week, but the gains would not be as severe as the double-digit weekly price hikes of early February.

Download the weekly EIA Gas Price Survey for April 20

Gas Prices Rise And Fall Based On Regional Influences

2015-04-13-trendOhio Gas Prices Spike, Holding U.S. Average In Check

The national average price of gas barely moved during the past week, according to the latest weekly report from the U.S. Energy Information Administration. The E.I.A. report shows U.S. gas prices remained unchanged at $2.41 per gallon, but region by region, the numbers tell a different story. For instance, drivers in California are paying about 5¢ less for gas this week, but drivers in Ohio are paying 11¢ more. Midwestern gas prices are typically the most volatile and can often influence the national average, as was the case during the past week.

Meanwhile, prices were mixed across the country, with prices across New England dropping by about a penny. However, prices across the Central Atlantic and Lower Atlantic states rose slightly, putting the broader East Coast prices slightly higher. For drivers in the Rocky Mountains, prices went up about three cents per gallon.

Truckers Get A Break With Diesel Prices Down

Meanwhile, the price of diesel dropped in every region last week, a good sign for truckers. The average price for a gallon of diesel fuel dropped an even 3¢ during the past week to $2.75 per gallon. Prices were down between two and four cents per gallon in every region except the West Coast, where a one-penny per gallon increase in California prevented the regional average from moving significantly. The West Coast averages, sans the Golden State, were down two cents per gallon.

Crude Oil Prices Are Up, But So Is Crude Supply

Pipeline Crossroads Monument

Crude oil supplies in Cushing, Oklahoma are high, the result of crude production in the U.S. Photo: Ben Cochran via Wikipedia.org.

Meanwhile, crude oil prices have been climbing slowly but steadily for the past month, for both domestic and overseas crude. The price of West Texas Intermediate was set to open early Tuesday at just over $52 per barrel after climbing about a half-dollar in overnight trading. Brent Crude was poised to open at just over $58 per barrel. That could signal a potential rise in fuel prices in the short term, but the longer-term forecast is that prices will continue to drop through the year.

The E.I.A. reported last week the price of Brent crude is likely to fall as much as 40 percent this year, and U.S. crude oil stocks at Cushing, Oklahoma, are enough to supply the country for the next 30 days, keeping downward pressure on retail prices.

DOWNLOAD THE WEEKLY GAS PRICE SURVEY