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WASHINGTON, DC — The national average for a gallon of regular gasoline went up 10 cents since last week to $3.94. Instability along the Strait of Hormuz is contributing to the increase at the pump and pushing crude oil prices toward $80 per barrel.

Most states are still averaging less than $4 per gallon. Earlier this year, the national average remained in the $4 range all of April and May and most of June.

The last time the national average was $4 or above was on June 17 when it was $4.02.

According to new data from the Energy Information Administration (EIA), gasoline demand remained flat last week at 8.84 million. Total domestic gasoline supply decreased from 212.1 million barrels to 210.5 million. Gasoline production decreased last week, averaging 9.6 million barrels per day.




