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WASHINGTON, DC (July 23, 2026) – The national average for a gallon of regular gasoline jumped 15 cents from last week to $4.09. Most states are now averaging $4 per gallon or higher.

Rising crude oil prices are behind the spike at the pump. Volatility along the Strait of Hormuz and instability in the region have pushed crude oil prices into the $90 per barrel range and could continue driving up costs during the second half of summer.

According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 8.84 million to 8.94 million.

Total domestic gasoline supply increased from 210.5 million barrels to 211.3 million. Gasoline production increased last week, averaging 9.7 million barrels per day.




