Pump Prices Keep Climbing as Crude Oil Remains High

WASHINGTON, DC–The national average for a gallon of regular gasoline is up 16 cents from last week at $4.43 and more than one dollar higher than it was a year ago. Crude oil remains high, averaging $100 per barrel amid continued volatility in the Strait of Hormuz. Gas prices are back to what they were earlier this year during the spring, and the national average is inching closer to this year’s record high of $4.56 set on May 21. The all-time high for the national average is $5.01 set on June 14, 2022. 

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.