The U.S. Vitality Data Administration’s (EIA) newest gas replace, which was launched this week, confirmed a blended bag for the U.S. common gasoline worth and the U.S. on-highway diesel gas worth.
In response to the replace, the U.S. common gasoline worth averaged $3.130 per gallon on July 14, earlier than dropping to $3.121 per gallon on July 21, then rising to $3.123 per gallon on July 28. The July 28 worth is $0.361 decrease than the 12 months in the past worth, the replace outlined.
The replace highlighted that the U.S. on-highway diesel gas worth got here in at $3.758 per gallon on July 14, then rose to $3.812 per gallon on July 21, earlier than dropping to $3.805 per gallon on July 28. The July 28 worth is $0.037 greater than the 12 months in the past worth, based on the gas replace.
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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 July 28, at $3.995 per gallon. The Gulf Coast was proven within the replace to have the bottom common gasoline worth as of July 28, at $2.748 per gallon.
The West Coast was additionally proven within the replace to have the very best on-highway diesel worth as of July 28, at $4.546 per gallon. The Gulf Coast was proven to have the bottom diesel worth as of July 28, at $3.454 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 break up into three subdistricts. PADDs 6 and seven embody U.S. territories, the positioning provides.
In response to the AAA Gasoline Costs web site, the common worth of normal gasoline within the U.S. is $3.151 per gallon, as of August 1. Yesterday’s common was $3.147 per gallon, the week in the past common was $3.160 per gallon, the month in the past common was $3.178 per gallon, and the 12 months in the past common was $3.483 per gallon.
The common U.S. diesel worth is $3.740 per gallon, as of August 1, the AAA Gasoline Costs website confirmed. Yesterday’s common was additionally $3.740 per gallon, the week in the past common was $3.741 per gallon, the month in the past common was $$3.696 per gallon, and the 12 months in the past common was $3.810 per gallon, based on the positioning.
The very best recorded common worth for normal gasoline within the U.S. was seen on June 14, 2022, at $5.016 per gallon, and the very best recorded common worth for diesel within the U.S. was seen on June 19, 2022, at $5.815 per gallon, the AAA Gasoline Costs website outlined.
In its newest brief time period power outlook (STEO), which was launched on July 8, the EIA projected that the U.S. common gasoline retail worth will common $3.09 per gallon in 2025 and $3.04 per gallon in 2026. In its earlier STEO, which was launched in June, the EIA projected that the U.S. common gasoline retail worth would are available at $3.09 per gallon this 12 months and $3.08 per gallon subsequent 12 months.
The EIA’s newest STEO sees the U.S. on-highway diesel gas worth averaging $3.61 per gallon in 2025 and $3.59 per gallon in 2026. In its earlier June STEO, the EIA projected that the U.S. on-highway diesel gas worth would are available at $3.52 per gallon this 12 months and $3.58 per gallon subsequent 12 months.
In its newest gas replace, which pegged the common gasoline retail worth at $3.13 per gallon in June, the EIA confirmed that 52 % of that whole went in direction of crude oil prices, and that refining prices, distribution and advertising and marketing prices, and taxes every made up 16 % of the overall.
That replace, which pinned the diesel retail worth at $3.60 per gallon in June, confirmed that 45 % of that whole went in direction of crude oil prices, 20 % went in direction of distribution and advertising and marketing prices, 19 % went in direction of refining prices, and 17 % went in direction of taxes.
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