National Gasoline Average Jumps Multiple Pennies

quote:

---

For the first time in three weeks, the nation’s average price of gasoline has increased, rising 3.4 cents compared to a week ago and stands at $3.12 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 2.1 cents from a month ago and is 18.3 cents per gallon lower than a year ago. The national average price of diesel has decreased 2.0 cents in the last week and stands at $3.651 per gallon.

“The national average saw a modest increase over the last week after storms temporarily knocked the Midwest’s largest refinery offline in Indiana, triggering sharp jumps in gas prices across Ohio, Wisconsin, and Michigan,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “We could soon see prices cycle higher in Illinois and Indiana as well, although there’s been some late-week relief in wholesale prices now that the refinery is restarting. Meanwhile, Florida saw the nation’s largest weekly decline, but a rebound due to price cycling is likely on the horizon. All of this is playing out while oil prices remain relatively stable in the low $60s. With no major hurricanes threatening the U.S. at the moment, the biggest wildcard remains any shifts in Russia’s war on Ukraine. For now, expect only moderate gas price fluctuations, with the potential for lower prices arriving later this fall.”

---

quote:

---

In early Monday trade, a barrel of WTI crude oil was up 42 cents to $64.08 per barrel, up from last week’s $62.90 per barrel start. Brent crude oil was also higher in early trade, rising 37 cents to $68.10 per barrel, also up from last Monday’s $65.92 start.

---

quote:

---

The states with the lowest average prices: Oklahoma ($2.62), Mississippi ($2.66), and Louisiana ($2.68).

The states with the highest average prices: California ($4.50), Hawaii ($4.36), and Washington ($4.35).

Biggest weekly changes: Ohio (+32.5¢), Wisconsin (+23.5¢), Michigan (+19.8¢), Florida (-13.0¢), Delaware (+12.0¢)

---

quote:

---

The states with the lowest average diesel prices: Texas ($3.14), Mississippi ($3.23), and Louisiana ($3.24).

The states with the highest average diesel prices: Hawaii ($5.25), California ($5.06), and Washington ($4.98).

Biggest weekly changes: Florida (-10.6¢), Idaho (-5.5¢), Alaska (-5.3¢), Utah (-4.7¢), New Hampshire (-4.6¢)

---