
WASHINGTON, DC (April 2, 2026) – The national average for a gallon of regular exceeded $4/gallon this week for the first time since August 2022.

Today’s average of $4.08 is ten cents higher than last week and $1.08 higher than a month ago. Crude oil prices have been surging, surpassing $100/barrel, as the conflict in the Middle East continues and the Strait of Hormuz remains closed.

n 2022, gas prices remained elevated from March through August, peaking in June when the national average reached a record of $5/gallon for one week.

According to new data from the Energy Information Administration (EIA), gasoline demand decreased last week from 8.92 million b/d to 8.68 million.
Total domestic gasoline supply decreased from 241.4 million barrels to 240.9 million. Gasoline production decreased last week, averaging 9.6 million barrels per day.




