Today’s AAA National Average $3.262

Price as of 2/25/24

Tag: cost

Will Drivers Catch a Break At the Pump Soon?

April 20,2023

WASHINGTON, D.C. — A drop in gasoline demand and falling oil prices may combine to take the air out of rising pump prices. The national average for a gallon of regular gasoline rose less than a nickel since last week to hit $3.68. “The recent surge in oil costs took a break this…Read more »

Pump Prices Edge Higher For Now

April 13,2023

WASHINGTON, D.C. — The national average for a gallon of regular gasoline rose nine cents since last week to hit $3.64. The main culprit is the high cost of oil, gasoline’s main ingredient, which is hovering in the low $80s per barrel. The national average…Read more »

OPEC Surprise Leads to Higher Pump Prices

April 06,2023

WASHINGTON, D.C. — OPEC’s announcement last weekend that it will cut production by over a million barrels per day starting in a month took the oil market by surprise. In response, crude immediately surged well above $80 a barrel, although it has since struggled to…Read more »

Like the Temperatures, Gas Prices Start to Rise

March 30,2023

WASHINGTON, D.C. — The national average for a gallon of regular gasoline rose a nickel since last week to hit $3.48. Robust demand for gasoline and rising oil prices are the driving factors for the recent uptick in pump prices. “Oil prices finally crested and…Read more »

Pump Prices are Stuck in Neutral for Now

March 23,2023

WASHINGTON, D.C. — Spring has sprung with gas demand surging last week as motorists took advantage of better driving weather. But fears of a recession caused global oil prices to hover near $70 a barrel, mitigating a rise in gas prices. The national average for…Read more »

Gas Prices Hold Steady Amid Economic Turbulence

March 16,2023

WASHINGTON, D.C. (March 16, 2023)—Despite the sour economic news roiling the stock and oil markets, the national average for a gallon of regular gasoline had a calm week, remaining at $3.46. Meanwhile, the global oil price plunged into the low to mid $60 per barrel,…Read more »