High Crude Oil Prices Push Up National Average

WASHINGTON, DC – The national average for a gallon of regular gasoline is up 3 cents from last week at $4.10, which marks the highest it’s ever been on this date. This August is shaping up to be the highest on record. So far, the monthly average is $4.06, currently surpassing 2022 when the monthly average for August was $3.97. Even though gasoline demand is down, which is typical for this time of year, crude oil is pushing up the national average. Crude oil prices remain in the $80 per barrel range amid continued instability in the Strait of Hormuz. 

The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 42 cents.

For the complete fuel report, including the latest EIA data, state gas and EV charging price trends, and oil market dynamics, please visit AAA Fuel Site.