Gas Prices Nudge Higher

A picture of a man preparing to pump gas at a gas station

Gas prices nationally continued to climb in the past week. The U.S. Energy Information Administration (EIA) reported regular gasoline prices rose 1.1 cents a gallon the past week to $3.133. The average price now is 93.8 cents a gallon higher than the same week a year ago.

Diesel prices rose marginally in the past week, up 0.7 cents a gallon to $3.338. The average diesel price is 90 cents a gallon higher than the same week a year ago.

AAA noted that EIA reported record gasoline demand last week of 10 million barrels a day, an increase of nearly 1 million barrels a day.

AAA reported oil prices could rise this week, leading to more expensive prices at the pump amid robust demand.

“Peak summer driving season is in full swing as Americans hit the road to explore and gas prices are not backing down,” said Jeanette McGee, AAA spokesperson. “Motorists are paying, on average, nearly a dollar more a gallon than last summer to fill up and close to 40 cents more than in 2019.”

State averages rose by at least two cents a gallon last week for half the country, AAA reported, with Idaho, Indiana, Utah and Wyoming reporting increases of at least nine cents a gallon.

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