AAA released its monthly fuel price outlook, which noted that the national average price of gasoline rose 14 cents in July, from $3.49 to $3.63 per gallon. This was the largest monthly increase since February.
AAA said higher summertime demand for gasoline, along with more expensive crude oil prices, and possible supply disruptions caused by hurricanes in the Gulf Coast region, are likely to keep pushing prices upward.
AAA released its latest Fuel Gauge Report, which said the national average price for a gallon of regular unleaded gasoline is $3.67, as of July 22. This price is 6 cents higher than on July 15 and 20 cents higher than on July 22 last year.
The national average price for a gallon of regular, unleaded gasoline was $3.61 on Monday, July 15, according to AAA’s latest Fuel Gauge Report. This price is up 14 cents over last week and is 22 cents higher than on the same day last year.
In a new report, AAA said that the average nationwide price of a gallon of regular unleaded gasoline has fallen to a five-month low of $3.48. This is the lowest price since Feb. 1.
Gas prices are falling across the U.S., with the national average price for a gallon of regular unleaded gasoline at $3.57 per gallon on June 24, according to AAA’s latest Fuel Gauge Report.
The national average gasoline price on Monday of this week was $3.61 for a gallon of regular, unleaded gasoline, according to AAA’s most recent Fuel Gauge Report. This price is down 2 cents from last week but up 10 cents compared to the same day last year.
AAA’s latest Fuel Gauge Report shows little movement since last week in the average price for a gallon of regular unleaded gasoline, nearly unchanged at $3.62 on June 3. This price is still 10 cents more than it was a month ago, and three cents higher than it was on June 3 last year.
The latest Fuel Gauge Report from AAA shows that the rapid increase in gas prices that occurred since the start of May has reversed itself, with the average price for a gallon of regular unleaded at $3.63 as of May 28, down 3 cents from May 22.
In the Midwest and on the West Coast, prices have increased the most. In Minnesota, the average price has risen 68 cents during the last two weeks (May 6 to May 20) and it's up 63 cents in North Dakota during this period, for example.