The U.S. common gasoline value and the U.S. on-highway diesel gasoline value are each in a declining pattern, the U.S. Power Info Administration’s (EIA) newest gasoline and diesel gasoline replace confirmed.
This replace, which was launched this week, put the typical U.S. common gasoline value at $3.078 per gallon on March 3, $3.069 per gallon on March 10, and $3.058 per gallon on March 17. It put the U.S. on-highway diesel gasoline value at $3.635 per gallon on March 3, $3.582 per gallon on March 10, and $3.549 per gallon on March 17.
Of the 5 Petroleum Administration for Protection District (PADD) areas highlighted within the EIA’s newest gasoline replace, the West Coast was proven to have the very best U.S. common gasoline value as of March 17, at $4.061 per gallon. The Gulf Coast was proven to have the bottom U.S. common gasoline value as of March 17, at $2.629 per gallon.
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Within the replace, the West Coast was additionally proven to have the very best U.S. on-highway diesel gasoline value as of March 17, at $4.203 per gallon. The Gulf Coast was proven to have the bottom U.S. on-highway diesel gasoline value as of March 17, at $3.245 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.
In keeping with the AAA Gasoline Costs web site, the typical U.S. common gasoline value is $3.121 per gallon, as of March 20. Yesterday’s common was $3.102 per gallon, the week in the past common was $3.079 per gallon, the month in the past common was $3.165 per gallon, and the yr in the past common was $3.515 per gallon, the location confirmed.
The common U.S. diesel value is $3.605 per gallon, as of March 20, the AAA Gasoline Costs website highlighted. Yesterday’s common was $3.603 per gallon, the week in the past common was $3.619 per gallon, the month in the past common was $3.693 per gallon, and the yr in the past common was $4.052 per gallon, the location outlined.
The very best recorded common U.S. common gasoline value was seen on June 14, 2022, at $5.016 per gallon, the AAA website highlighted. The very best recorded common U.S. diesel value was seen on June 19, 2022, at $5.816 per gallon, the location confirmed.
In its newest quick time period power outlook, which was launched this week, the EIA projected that the U.S. common gasoline value will common $3.22 per gallon in 2025 and $3.21 per gallon in 2026. That STEO forecast that the U.S. on-highway diesel gasoline value will common $3.62 per gallon this yr and $3.74 per gallon subsequent yr.
In its earlier STEO, which was launched in February, the EIA projected that the U.S. common gasoline value will common $3.21 per gallon in 2025 and $3.14 per gallon in 2026 and that the U.S. on-highway diesel gasoline value will are available at $3.63 per gallon this yr and $3.70 per gallon subsequent yr.
The EIA’s newest gasoline and diesel gasoline replace, which pegged the gasoline value at $3.08 per gallon in January, confirmed that 58 % of that complete went in direction of crude oil prices, 17 % went in direction of taxes, 16 % went in direction of distribution and advertising prices, and 9 % went in direction of refining prices.
This replace, which put the diesel value at $3.63 per gallon in January, confirmed that 49 % of that complete went in direction of crude oil prices, 18 % went in direction of distribution and advertising prices, 16 % went in direction of taxes, and 16 % went in direction of refining prices.
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