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The nation’s average price of gasoline has fallen 2.2 cents over the last week and stands at $4.09 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 up 10.6 cents from a month ago and is 90.8 cents per gallon higher than a year ago. The national average price of diesel rose 29.7 cents in the last week and stands at $5.867 per gallon.

“Average gasoline prices rose in nearly three out of five states over the last week, while diesel surged in every state—with some climbing nearly 50 cents per gallon in just seven days,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The milestone many hoped to avoid has arrived: the national average price of gasoline on Labor Day set a new record for the holiday, eclipsing the previous mark of $3.83 per gallon set in 2012. Diesel’s record fell as well, with the national average reaching $5.87 per gallon on September 3, surpassing the prior all-time high of $5.82 per gallon set in 2022—and with $6 per gallon now a realistic possibility in the weeks ahead if Ukraine’s continued attacks on Russian refining infrastructure keep knocking capacity offline. These are sobering milestones, and until the global refining supply picture meaningfully improves, diesel prices face continued upward pressure while gasoline may seasonally slow in the weeks ahead.”

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Oil prices pushed toward the $100 mark to start the week as the U.S.-Iran standoff in the Strait of Hormuz escalated sharply, with the U.S. striking three Iranian oil tankers over the weekend and Iran responding by threatening to announce a maritime exclusion zone outside the strait where it intends to stop vessels transiting without Iranian permission.

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The conflict has now pushed crude nearly 10% higher over the past week alone, with national average gasoline prices climbing to $4.15 per gallon. In early Monday trade, WTI was up $2.17 to $93.65 per barrel, well above last Monday’s $86.26, while Brent gained $1.52 to $98.52 compared to $90.82 a week ago—with the $100 threshold now squarely in view if diplomacy fails to gain traction this week.

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The states with the lowest average prices: Indiana ($3.42), Texas ($3.64), and Oklahoma ($3.66).

The states with the highest average prices: California ($5.82), Washington ($5.45), and Hawaii ($5.32).

Biggest weekly changes: Delaware (+19.5¢), Alaska (+14.0¢), California (+10.7¢), Colorado (-10.4¢), Virginia (+10.0¢).

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The states with the lowest average diesel prices: Oklahoma ($5.46), Louisiana ($5.47), and Texas ($5.50).

The states with the highest average diesel prices: California ($7.81), Hawaii ($6.89), and Washington ($6.87).

Biggest weekly changes: Wisconsin (+46.1¢), California (+43.4¢), Kentucky (+42.6¢), West Virginia (+41.2¢), Oregon (+39.5¢).

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For comparison, AAA has the national gasoline price average at $4.1514/gallon, and national average for diesel at $5.9012/gallon.

The national gasoline and national diesel average for the four Gulf Coast states, according to AAA data, are:

Texas: $3.6726/gallon; $5.5033/gallon
Louisiana: $3.7770/gallon; $5.5231/gallon
Mississippi: $3.7354/gallon; $5.5568/gallon
Alabama: $3.8043/gallon; $5.6159/gallon

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We are done, baws. It's so over.