Padd 1 Case Study

Do consumers tend to change their purchasing habits due to changes in the price of gasoline? In our excel report we were reviewing the gas prices and demand from PADD 1, the Petroleum Administration for Defense District 1. This district is on the east coast and is one of the largest in the nation. It is broken into three separate categories. The first is PADD 1A, also referred to as the New England District, which is the furthest northeast states and includes Maine down to Connecticut. Second there is PADD 1B, also referred to as the Central Atlantic District, which covers the states from New York down to Maryland and Delaware. Finally, there is the largest of the three subcategories PADD 1C, the Lower Atlantic District. This district covers most of the south east and includes the states West Virginia down to Florida. After reviewing the price and demand data form

First Sarah and I reviewed the demand of gas throughout the years in PADD 1 to see if we can see any noticeable changes in demand and then see if we could correlate those to changes in prices. The first trend we were able to find was that the demand for gas would usually slightly raise in the summer but we could not correlate this to a change in price. This is because, as we read in the additional information provided, people tend to take more vacations and be more active in summer causing a higher demand of gas. Next we looked at the high, low, and median demand of gas and price per gallon to see if they were correlated. We found that