National Gasoline Average Jumps Above $3/Gallon

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The nation’s average price of gasoline has risen 2.5 cents over the last week and stands at $3.00 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is down 10.8 cents from a month ago and is 7.4 cents per gallon lower than a year ago. The national average price of diesel has increased 4.7 cents in the last week and stands at $3.638 per gallon.

“The national average saw a slight rise over the last week, as gas prices surged in parts of the Midwest after a refinery fire pushed wholesale gasoline prices sharply higher in the region,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While the spike in prices in affected areas was significant, relief is likely in the weeks ahead as the situation stabilizes. For now, the possibility of a U.S.-China trade deal could lift oil prices on optimism that it would increase trade and reduce tariffs — potentially keeping the national average slightly above the $3-per-gallon mark for a couple more weeks before slipping back below $3 ahead of Thanksgiving.”

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The states with the lowest average prices: Mississippi ($2.54), Louisiana ($2.56), and Oklahoma ($2.57).

The states with the highest average prices: California ($4.55), Hawaii ($4.43), and Washington ($4.29).

Biggest weekly changes: Michigan (+16.6¢), Iowa (+14.6¢), West Virginia (+13.1¢), New Mexico (+12.2¢), Ohio (-12.0¢)

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The states with the lowest average diesel prices: Texas ($3.10), Louisiana ($3.17), and Mississippi ($3.19).

The states with the highest average diesel prices: Hawaii ($5.22), California ($5.07), and Washington ($4.96).

Biggest weekly changes: Nebraska (+21.2¢), Colorado (+20.8¢), Wisconsin (+17.4¢), Iowa (+17.0¢), Ohio (+16.4¢)

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