Gas prices: Now at $4.08 per gallon, rising more than $1 in last month
Gas prices in the United States have climbed to about $4.08 per gallon for regular gasoline,according to AAA,marking the fourth straight day of increases and more than a $1 rise in the past month.The rise follows a period of volatility since January, with a low of $2.79 per gallon on Jan 12 and higher costs now approaching levels seen during Biden’s term. Analysts point to winter storms that disrupted fuel shipments and broader geopolitical tensions, including a joint operation involving Iran and Israel, as factors driving the higher prices.
Regional differences are pronounced:
– West Coast regions are the most expensive, with california around $5.89, Hawaii about $5.50, and Washington around $5.37. Oregon and Nevada hover near $4.97 and $4.94 respectively.
– The Midwest and plains have the lowest prices,with oklahoma about $3.27, Kansas around $3.33, Nebraska about $3.43, North dakota near $3.43, and Iowa around $3.48.
– Washington,DC is about $4.20 per gallon.
If the current trend continues, prices could approach or exceed the June 2022 peak (over $5 per gallon) by may, aided by seasonal price bumps around Memorial day Weekend.The piece also notes that gas costs are higher than a year ago.
Gas prices: Now at $4.08 per gallon, rising more than $1 in last month
The national average price for regular gas increased again on Thursday, rising to $4.081 per gallon, according to AAA. It marks the fourth consecutive day gas prices have risen amid a trend of steadily rising gas prices since the second week of January.
Thursday’s fuel cost is almost 2 cents higher than Wednesday’s, when the national average price for a gallon of regular gas was $4.064 per gallon and over 6 cents per gallon higher than Tuesday’s pricing, when it was $4.018 per gallon and broke the $4-per-gallon threshold for the first time since 2022. Over the last month, the national average price of regular gas has risen by more than $1 per gallon.
Gas prices hit a five-year low of $2.79 per gallon on Jan. 12, shortly before the one-year anniversary of the beginning of President Donald Trump’s second term. Affordable gas prices and fuel costs had typically been a staple of Trump’s terms, up to and including January 2026. However, since achieving a cost of $2.79 per gallon, gas prices started to rise. The increase was gradual, occurring over the last two weeks of January and all of February. The high gas prices more closely resemble the costs from when Trump’s predecessor, former President Joe Biden, was in office.
First, the price hike was attributed to winter storms that plagued the country and affected fuel shipments in late January and February. A month ago, the national average price for regular gas was $2.997 per gallon. It is also higher to fuel up at the pumps now than a year ago, when gas was $3.238 per gallon. Since Operation Epic Fury began, the national average price for a gallon of regular gas has skyrocketed. The joint military operation with Israel against Iran has caused great fluctuation in the global oil market and prices.
Thursday’s price of $4.081 per gallon is a record high for both of Trump’s terms. It’s still a ways to go from the highest price ever recorded in June 2022, when Biden was in office, and the national average was over $5 per gallon. However, if the current trend of rising gas prices continues, it could eclipse that total sometime in May. This is especially true given the traditional hike in gas prices that occurs through Memorial Day Weekend, which is only 53 days away.
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Regardless of who the president is, fuel costs vary by section of the country. Currently, the Midwest and Plains Region has the states with the lowest gas prices. Earlier this year, it was the states along the Gulf of America. States on the West Coast have the highest fuel costs, which have been a constant for years. Washington, D.C. has an average price of $4.200 per gallon on Thursday, higher than the national average.
California remains the state with the highest statewide average gas price in the country at $5.891 per gallon. Hawaii is next at $5.503 per gallon. This is followed by Washington state at $5.365. Oregon is next at $4.966, followed by Nevada at $4.942.
Conversely, Oklahoma has the nation’s most affordable gas prices, at $3.272 per gallon. Kansas is next at $3.334 per gallon. This is followed by Nebraska at $3.426, North Dakota at $3.43, and Iowa, with a statewide average of $3.48 per gallon.
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