Agency projects U.S. retail gasoline will average $3.88 per gallon this year and diesel $4.76. The U.S. Energy Information Administration expects retail regular gasoline to average $3.88 per gallon in 2026, a 25% increase from 2025, as the de facto closure of the Strait of Hormuz continues to constrain global oil supplies, the agency said […]
Gas Prices Climb Another 25 Cents to $4.55
Prices hit highest level since 2022. The U.S. national average price of regular gasoline rose 25 cents over the past week to $4.55, AAA reported May 7 — a second consecutive 25-cent weekly jump that pushed pump prices to their highest level since 2022, when the average peaked at $5.01. Pump prices are now $1.40 […]
Gas Prices Surge 27 Cents to $4.30 as Strait of Hormuz Closure Lifts Crude Above $100
The national average price for a gallon of regular gasoline jumped 27 cents over the past week to $4.30, AAA reported April 30. Pump prices are at their highest level since late July 2022 — $1.12 above the year-ago average and 31 cents higher than a month ago — as crude oil surges back above […]
Gas Prices Edge Lower as U.S.-Iran Ceasefire Pulls Crude Below $100
The national average price for a gallon of regular gasoline fell 7 cents over the past week to $4.09, the first weekly decline since Middle East conflict began driving pump prices sharply higher in early March, AAA reported April 16. West Texas Intermediate crude oil has continued to trade below $100 a barrel following the […]
National Average Gas Price Nears $4 per Gallon After $1 Surge in One Month
The national average price for a gallon of regular gasoline hit $3.98 on March 26, up 10 cents from a week ago and a full dollar higher than its $2.98 level just one month earlier, AAA reported. Crude oil prices remain elevated as the Iran conflict enters its fourth week, and AAA said the national […]
U.S. National Average Gas Price Surges to $3.60 as Crude Oil Tops $100 per Barrel
The national average price for a gallon of regular gasoline hit $3.598 March 12, a nearly 35-cent jump from a week ago and the second consecutive week of sharp increases, AAA reported. Rising fuel costs add to the operating expenses collision repair facilities face across the supply chain, from parts delivery to customer vehicle transportation, […]
Gas Prices Down Even as Demand Increases
Dip occurs as spring break travel heats up. Despite increased demand, gas prices dipped lower this week, with yesterday’s national average at $3.07 per gallon, about 3 cents lower than a week ago, according to AAA. This drop at the pump comes as many travelers gear up to hit the road for spring break and […]
Gas Price Decline Stalls
According to AAA the decline in gas prices has slowed as the national average for a gallon of gas, which shed less than a penny since last week to reach $3.02. It has been close to the $3 level for five weeks yet faces stubborn resistance. Meanwhile, today’s national average per kilowatt hour of electricity […]
AAA Projects Thanksgiving Travel Up, Just Shy of Pre-Pandemic Levels
AAA expects over 48 million Americans will take a road trip during the long holiday weekend out of 55 million travelers overall. Crashes predicted to increase. AAA predicts 54.6 million people will travel 50 miles or more from home this Thanksgiving. That’s a 1.5% increase over 2021 and 98% of pre-pandemic volumes. This year is […]
AAA Reports Gas Prices Down as Demand Declines and Recession Fears Weigh Down Oil Market Expectations
According to AAA, fears of a global economic recession led to a major drop in the price of crude, down $7, which helped to minimize pump price increases last week. Meanwhile, domestic gasoline demand decreased as fewer drivers fueled up in the first half of October. According to the Energy Information Administration (EIA), gas demand […]
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