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The national average for gas rose even more Sunday, disruptions to oil markets and seasonal demand drive higher fuel and diesel prices nationwide.
WASHINGTON — Gas prices continued to climb Sunday, with the national average moving even more closer to the $4 mark as global oil disruptions persist.
The national retail average for a gallon of regular gasoline was $3.942 Sunday, according to AAA. That’s up from Saturday’s average of $3.925 and just over a dollar higher than one month ago, when a gallon averaged $2.934.
Prices remain elevated nationwide, with every state now averaging at least $3.261 per gallon. Some areas are seeing significantly higher costs, with the highest state average reaching about $5.764.
The national average for diesel also increased, rising to $5.250 per gallon Sunday. That’s up from $5.208 the previous day and well above the $3.710 average one month ago, AAA data shows.
The highest recorded national average price for regular gasoline remains $5.016, set on June 14, 2022. Diesel prices peaked at $5.816 per gallon on June 19, 2022, according to AAA.
Why are gas and diesel prices rising?
Gasoline, diesel and jet fuel are all derived from crude oil. When the price per barrel of crude oil fluctuates, it has a direct impact on consumers. Higher prices for crude oil typically mean higher prices at the pump.
The conflict in the Middle East has disrupted key global oil infrastructure and trade routes. The Strait of Hormuz — a narrow waterway between Iran and Oman through which roughly one-fifth of the world’s oil passes — has been effectively closed following attacks on commercial vessels and threats against tankers.
Crude oil has surpassed $100 per barrel several times in recent weeks, driving higher fuel costs. Rising diesel and jet fuel prices are also expected to increase transportation and air travel costs, potentially pushing up prices for goods across supply chains.
To help stabilize markets, the United States has announced plans to release more than 170 million barrels of oil from strategic reserves over four months as part of a broader International Energy Agency effort.
Seasonal demand is also contributing to the increase, as warmer weather and spring break travel typically lead to higher gasoline consumption, according to AAA.
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