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Apr 24, 2026

Bit of relief at the pump as national average goes down

Posted Apr 24, 2026 3:00 PM
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WASHINGTON, DC – Drivers are getting a bit of relief at the pump as the national average went down by 6 cents since last week to $4.03. Crude oil prices have come down below $100/barrel, helping drive down the cost of gasoline for consumers. 

National Fuel Price Average, April 24, 2026 (Courtesy AAA)
National Fuel Price Average, April 24, 2026 (Courtesy AAA)

But how long the downward trend will last is uncertain with continued instability along the Strait of Hormuz. Currently, pump prices are the highest they’ve been during this time of year since 2022, when the national average on April 23 was $4.11. 

State Fuel Price Average - April 24, 2026 (Courtesy AAA)
State Fuel Price Average - April 24, 2026 (Courtesy AAA)

According to new data from the Energy Information Administration (EIA), gasoline demand decreased last week from 9.08 million b/d to 9.05 million.

Area Fuel Price Average - April 24, 2026 (Courtesy AAA)
Area Fuel Price Average - April 24, 2026 (Courtesy AAA)

Total domestic gasoline supply decreased from 232.9 million barrels to 228.4 million. Gasoline production increased last week, averaging 10.1 million barrels per day.