Gasoline Prices Rise to $2.66 Per Gallon
Gasoline prices have been on the upswing for the past three weeks with the price of a gallon on unleaded climbing 9.4 cents to $2.664 for the week ending May 4.
Photo via Wikipedia.
Photo via Wikipedia.
Gasoline prices have been on the upswing for the past three weeks with the price of a gallon on unleaded climbing 9.4 cents to $2.664 for the week ending May 4.
The weekly increase marked the third consecutive week of increasing gasoline prices, which remain $1.02 lower than a year ago, according to data from the U.S. Energy Information Administration.
Prices rose across the U.S. with nine of the nine regions tracked showing an increase. The sharpest hike came on the West Coast with a 23.4-cent increase to $3.416. The West Coast without California registered the second-highest increase of 16 cents to $2.909.
Among states, California gasoline remains significantly higher than other states, averaging $3.707 per gallon, according to the AAA's Daily Fuel Gauge Report. Fuel in Hawaii, Nevada, and Alaska also costs more than $3 per gallon. On the lower end of the list, 11 states now have gasoline prices averaging less than $2.40. South Carolina's $2.327 average price is the nation's lowest.
Meanwhile, the average price of a gallon of diesel increased 4.3 cents to $2.854. Diesel fuel is now $1.11 less than it was a year ago.
More Fuel
Turning Fleet Payment Data into Executive Insights
Ramel Lindsay of U.S. Bank Voyager discusses how fleets can transform payment and transaction data into actionable intelligence to reduce costs, improve oversight, and support executive decision-making.
Read More →
Why the IRS Raised Its Mileage Rate in the Middle of 2026
Fuel-price volatility drove the rare increase to 76 cents per mile, the fifth midyear adjustment since 2000.
Read More →
July Fuel Update: Prices Jump for the First Time in Two Months
As the U.S.-Iran ceasefire collapses, so do the gas prices.
Read More →
Bob Adamsky on Fuel Volatility: "Don't Panic, Have a Plan."
When it comes to up and down fuel prices, Adamsky has a message for fleets: “Don’t panic.”
Read More →
How Fleets Can Gain Control of Non-Fuel Spend
Fuel often gets the spotlight, but non-fuel expenses can have a major impact on fleet costs. Ramel Lindsay of U.S. Bank Voyager discusses how fleets can gain better visibility and control over these often-overlooked expenditures.
Read More →
Fuel is Just the Start: How Middle East Tensions are Driving Up Fleet Maintenance Costs
The Middle East conflict is doing more than pushing up fuel prices. It’s also raising the cost of key maintenance products your fleet depends on, from motor oil to tires to windshield wipers. Here’s what you need to know about this budget-busting situation.
Read More →
June Fuel Update: Prices Fall Below $4
Drivers are finally getting some relief at the pump. The national average gas price has dropped below $4 a gallon for the first time in months, with prices falling in 47 states as oil markets react to developments in U.S.-Iran negotiations.
Read More →
Study: How 2026's Gas Price Hikes Affect Different Vehicle Types
New data from iSeeCars reveals how rising fuel costs have affected different vehicle segments as gasoline prices climbed nearly 46% over the past four months.
Read More →
Are You Tracking Your Fleet's True Total Cost of Ownership?
Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.
Read More →
May Fuel Update: All Regions Experience Declines
Gas prices are finally easing in much of the country, but experts warn global tensions could quickly reverse the trend as the national average remains well above last month’s levels.
Read More →