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Pump Prices Keep Climbing as Crude Oil Remains High
WASHINGTON, DC (September 17, 2026) – The national average for a gallon of regular gasoline is up 16 cents from last week at $4.43 and more than one dollar higher than it was a year ago. Crude oil remains high, averaging $100 per barrel amid continued volatility in the Strait of Hormuz. Gas prices are back to what they were earlier this year during the spring, and the national average is inching closer to this year’s record high of $4.56 set on May 21. The all-time high for the national average is $5.01 set on June 14, 2022.
According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 8.55 million barrels per day to 8.79 million. Total domestic gasoline supply also increased from 206.9 million to 207.7 million barrels, as well as gasoline production from 9.3 million barrels per day to 9.6 million barrels.
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No relief in sight for U.S. drivers as gas and diesel prices surge
Gasoline and diesel prices continued to surge on Thursday, with energy experts warning that those costs are likely to climb in the days ahead amid festering geopolitical conflicts overseas.
"Consumers should plan on higher prices for longer," said Patrick De Haan, a petroleum expert at GasBuddy, which tracks U.S. fuel prices.
The national average for gasoline jumped 7 cents overnight to $4.44 a gallon, according to AAA, up nearly 50% since before the Iran war started in February. Diesel, essential for transporting food and other goods around the U.S., hit a record $6.40, up 77 cents since the beginning of September.
De Haan projects that gas could hit $4.50 a gallon later this week, citing GasBuddy data, which put the national average at $4.46 a gallon. Ongoing fighting in U.S.-Iran and Russia-Ukraine wars, which have crimped global oil supply, "increase the likelihood of further increases," he said.
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