Gas Prices Hit $4.43 as Crude Stays Near $100
The national average for regular gasoline rose to $4.43, driven by sustained high crude oil prices and increasing demand.
The national average price for a gallon of regular gasoline stands at $4.43. This figure represents a 16-cent increase from last week. It is more than one dollar higher than the price recorded one year ago.
Crude oil prices remain elevated, averaging $100 per barrel. Volatility in the Strait of Hormuz continues to influence these levels. The current pump price approaches the record high of $4.56 set on May 21.
Supply and demand metrics rise
Data from the Energy Information Administration shows gasoline demand increased to 8.79 million barrels per day. This is up from 8.55 million barrels per day the previous week. Total domestic gasoline supply also grew to 207.7 million barrels.
U.S. crude oil inventories decreased by 0.6 million barrels. The total stockpile now sits at 423.4 million barrels. WTI crude settled at $102.43 per barrel following a drop of $3.40 on Wednesday.
Regional price variations persist
California remains the most expensive state with an average of $6.08 per gallon. Washington and Hawaii follow at $5.57 and $5.48 respectively. Indiana offers the lowest price in the nation at $3.92.
Public electric vehicle charging costs have held steady. The national average for one kilowatt hour remains at 42 cents. West Virginia and Hawaii report the highest rates at 52 cents per kilowatt hour.
Market context from GN auto
These figures align with reports from GN auto markets and energy desks. The trend reflects a broader tightening in energy supplies. Drivers are currently paying significantly more than they did at the start of the year.
