Average gas prices around Buckeye remained mostly steady over the past week, climbing just 1 cent per gallon, although one station was selling regular gas for 5.39 on Friday, a signal other stations may follow – according to national trends.
While Buckeye has some of the highest prices in the country, national price watchers are predicting national average prices could push beyond the $4 per gallon in coming days.
“Gasoline and diesel prices continue to climb to multi-year highs as the effective closure of the Strait of Hormuz curtails the flow of millions of barrels of crude oil each day,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The situation remains highly volatile and unpredictable, but upward pressure on fuel prices is likely to persist as long as global oil supplies are constrained by the continued disruption in the Strait.
Similar to Buckeye, the national average price of gasoline has risen 2.4 cents per gallon over the last week and stands at $3.95 per gallon, according to GasBuddy data.
“We’re likely to see the national average for gasoline push beyond the $4-per-gallon mark, while diesel could approach $6 per gallon and potentially set new records if conditions fail to improve,” De Haan said. “Americans have already spent nearly $8 billion more on gasoline over the past month, a trend that poses growing risks to the broader economy, while surging diesel prices may begin to reaccelerate inflation.”
The national average is up 97.9 cents from a month ago and is 83.8 cents per gallon higher than a year ago. The national average price of diesel rose 14.3 cents in the last week and stands at $5.369 per gallon, the highest level since July 27, 2022.
“Gasoline and diesel prices continue to climb to multi-year highs as the effective closure of the Strait of Hormuz curtails the flow of millions of barrels of crude oil each day,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The situation remains highly volatile and unpredictable, but upward pressure on fuel prices is likely to persist as long as global oil supplies are constrained by the continued disruption in the Strait.
GAS PRICE TRENDS
The most common U.S. gas price encountered by motorists stood at $3.99 per gallon, up 30 cents from a week ago, followed by $3.89, $3.79, $3.69, and $3.59, rounding out the top five most common prices.
The median U.S. gas price is $3.79 per gallon, unchanged from last week and about 16 cents lower than the national average.
The top 10% of stations in the country average $5.65 per gallon, while the bottom 10% average $3.23 per gallon.
The states with the lowest average prices: Oklahoma ($3.21), Kansas ($3.25), and Nebraska ($3.27).
The states with the highest average prices: California ($5.82), Hawaii ($5.41), and Washington ($5.27).
Biggest weekly changes: Hawaii (+18.8¢), Utah (+16.3¢), Nebraska (-9.2¢), Montana (+9.0¢), Georgia (-8.6¢).
DIESEL PRICE TRENDS
The most common U.S. diesel price stood at $4.99 per gallon, unchanged from last week, followed by $4.79, $4.89, $4.69, and $4.59, rounding out the top five most common prices.
The median U.S. diesel price is $5.25 per gallon, up 26 cents from last week and about 12 cents lower than the national average.
Diesel prices at the top 10% of stations in the country average $6.30 per gallon, while the bottom 10% average $4.51 per gallon.
The states with the lowest average diesel prices: Oklahoma ($4.49), Kansas ($4.51), and North Dakota ($4.59).
The states with the highest average diesel prices: California ($7.30), Hawaii ($6.67), and Washington ($6.50).
Biggest weekly changes: Delaware (+52.4¢), Nevada (+50.3¢), California (+40.5¢), Arizona (+38.8¢), Maryland (+38.6¢).
