In its newest gasoline and diesel gas replace, which was launched on June 3, the U.S. Vitality Data Administration (EIA) confirmed a declining worth development for U.S. common gasoline and U.S. on-highway diesel gas.
In line with that replace, the U.S. common gasoline worth averaged $3.173 per gallon on Could 19, $3.160 per gallon on Could 26, and $3.127 per gallon on June 2. The June 2 worth was $0.389 lower than the 12 months in the past worth, the replace outlined.
The replace confirmed that the U.S. on-highway diesel gas worth averaged $3.536 per gallon on Could 19, $3.487 per gallon on Could 26, and $3.451 per gallon on June 2. The June 2 U.S. on-highway diesel gas worth was $0.275 decrease than the 12 months in the past worth, the replace highlighted.
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Of the 5 Petroleum Administration for Protection District (PADD) areas highlighted within the EIA’s newest gas replace, the West Coast was proven to have the very best common gasoline worth as of June 2, at $4.207 per gallon. The Gulf Coast was proven to have the bottom common gasoline worth as of June 2, at $2.702 per gallon.
The West Coast was proven within the replace to have the very best on-highway diesel worth as of June 2, at $4.221 per gallon. The Gulf Coast was proven to have the bottom diesel worth as of June 2, at $3.097 per gallon.
A glossary part of the EIA website notes that the 50 U.S. states and the District of Columbia are divided into 5 districts, with PADD 1 additional cut up into three subdistricts. PADDs 6 and seven embody U.S. territories, the location provides.
Present Value
In line with the AAA Gasoline Costs web site, the typical worth of standard gasoline within the U.S. is $3.141 per gallon, as of June 6. Yesterday’s common was $3.146 per gallon, the week in the past common was $3.162 per gallon, the month in the past common was $3.158 per gallon, and the 12 months in the past common was $3.487 per gallon, the location confirmed.
The common diesel worth within the U.S. is $3.516 per gallon, as of June 6, in keeping with the location. Yesterday’s common was additionally $3.516 per gallon, the week in the past common was $3.536 per gallon, the month in the past common was $3.540 per gallon, and the 12 months in the past common was $3.830 per gallon, the location highlighted.
The very best recorded common worth for normal gasoline was seen on June 14, 2022, at $5.016 per gallon, and the very best recorded common worth for diesel was seen on June 19, 2022, at $5.815 per gallon, the AAA Gasoline Costs website outlined.
What do you Pay For?
In line with the EIA’s newest gas replace, which pegged the retail worth of standard gasoline at $3.17 per gallon in April, 49 p.c of that whole went in the direction of crude oil prices, 19 p.c went in the direction of distribution and advertising and marketing prices, 16 p.c went in the direction of taxes, and 16 p.c went in the direction of refining prices.
The replace, which put the diesel worth at $3.57 per gallon in April, confirmed that 44 p.c of that whole went in the direction of crude oil prices, 23 p.c went in the direction of distribution and advertising and marketing prices, 17 p.c went in the direction of taxes, and 17 p.c went in the direction of refining prices.
A earlier EIA gas replace launched in June final 12 months, which pegged the retail worth of standard gasoline at $3.61 per gallon in April 2024, confirmed that 55 p.c of that whole went in the direction of crude oil prices, 19 p.c went in the direction of refining prices, 14 p.c went in the direction of taxes, and 12 p.c went in the direction of distribution and advertising and marketing prices.
In line with that gas replace, which pinned the diesel worth at $4.00 per gallon throughout April 2024, 50 p.c of that whole went in the direction of crude oil prices, 19 p.c went in the direction of distribution and advertising and marketing prices, 17 p.c went in the direction of refining prices, and 15 p.c went in the direction of taxes.
To contact the writer, e-mail andreas.exarheas@rigzone.com
