Gasoline Prices per Gallon are Up

As if you did not know this? Fortunately, our vehicle is efficient, our stores are close, and we do not have to be anywhere

U.S. gasoline prices jump to highest since 2022

U.S. gasoline (UNG) prices extended their climb Thursday, with AAA’s national average for regular fuel reaching $4.30 a gallon as drivers absorbed the sharpest squeeze at the pump since July 2022.

The average price was up 7.1 cents from Wednesday, 26.9 cents from a week earlier, 31 cents from a month ago, and $1.12 Y/Y, AAA data showed.

“Gas prices have shot up $1.40 since the war in Iran began,” Heather Long, chief economist at Navy Federal Credit Union, noted in a social media post. “That’s adding ~$70 extra a month to household costs,” she added.

Diesel prices also stayed elevated at $5.50 per gallon, keeping transportation-cost pressure firmly in view.

Meanwhile, oil (USO) (BNO) prices pared some gains after surging to a four-year high above $126 a barrel, as concerns grew that the U.S.-Iran conflict could intensify and disrupt Middle East oil supplies, weighing on global economic growth.

Notably, California remained the most expensive state market, with regular gasoline averaging $6.01 a gallon, per AAA. Texas and Oklahoma were among some of the cheapest.

A different look over time (1 year). We are seeing Regular at ~$4.75 a gallon where I live. We do not travel much or far in Arizona. Fortunately, we do not have to go anywhere.