The nationwide average price of gasoline in the United States has risen for three consecutive weeks, gaining 4.3 cents over the past week, to hit $3.62 per gallon on Monday, according to Gasbuddy data.
Compared to a month ago, average gasoline prices are up 10.8 cents, but still 1.1 cents per gallon lower than they were this same time a year ago. The average national diesel price declined this week to $4.01 per gallon, some 15 cents below the price level at this same time last year.
“The next few weeks should see many refineries wrapping up their work and gasoline output should rise, putting downward pressure on gasoline prices soon,” De Haan said. In terms of geopolitical developments, De Haan said that while GasBuddy had been taken somewhat by surprise with Israel’s decision to retaliate with a missile attack inside Iran, “it was also measured, with Iran virtually not even mentioning it publicly.
Gasoline Prices Gas Sales Retail U.S. Inflation
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