With gasoline demand rising, U.S.gasoline pricesincreased last week for a third week in a row, up by 4.4 cents from a week ago to an average $3.44 per gallon
With gasoline demand rising, U.S. gasoline prices increased last week for a third week in a row, up by 4.4 cents from a week ago to an average $3.44 per gallon, GasBuddy said on Monday. As of today, the national average is up 18.7 cents from a month ago and 1.6 cents per gallon higher than a year ago, according to GasBuddy, which has compiled price data from more than 12 million individual price reports covering over 150,000 gas stations.
“The reason is the season gasoline demand is rising as more Americans are getting out, combined with the summer gasoline switchover, which is well underway, and continued refinery maintenance.” U.S. gasoline demand rose 3.2% between Sunday and Saturday, and was 1.9% above the four week moving average, De Haan said on X today. “It was the highest demand since the week before Christmas. Seasonal increases will likely continue,” he added.
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