WASHINGTON, DC – After ticking down for nearly two weeks, gas prices are going back up again with the national average seeing a 27-cent hike in one week. The national average is $1.12 higher than it was this time last year, as oil prices surge above $100/barrel with no indication of when the Strait of Hormuz will reopen. 

Gas prices are the highest they’ve been in four years, since late July 2022.

According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 9.05 million b/d to 9.10 million.

Total domestic gasoline supply decreased from 228.4 million barrels to 222.3 million. Gasoline production decreased last week, averaging 9.8 million barrels per day.&nbsp;

<figure>
 <img src="https://media.eaglewebservices.com/public/2023/1/1673450954299.jpeg" alt="(File image)" />
 <figcaption>(File image)</figcaption>
 </figure>WASHINGTON, DC – After ticking down for nearly two weeks, gas prices are going back up again with the national average seeing a 27-cent hike in one week. The national average is $1.12 higher than it was this time last year, as oil prices surge above $100/barrel with no indication of when the Strait of Hormuz will reopen. <figure>
 <img src="https://media.eaglewebservices.com/public/2026/5/1777659708704.png" alt="National Fuel Price Average, April 30, 2026 (Courtesy AAA)" />
 <figcaption>National Fuel Price Average, April 30, 2026 (Courtesy AAA)</figcaption>
 </figure>Gas prices are the highest they’ve been in four years, since late July 2022.<figure>
 <img src="https://media.eaglewebservices.com/public/2026/5/1777659763238.png" alt="State Fuel Price Average - April 30, 2026 (Courtesy AAA)" />
 <figcaption>State Fuel Price Average - April 30, 2026 (Courtesy AAA)</figcaption>
 </figure>According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 9.05 million b/d to 9.10 million.<figure>
 <img src="https://media.eaglewebservices.com/public/2026/5/1777659806206.png" alt="Area Fuel Price Average - April 30, 2026 (Courtesy AAA)" />
 <figcaption>Area Fuel Price Average - April 30, 2026 (Courtesy AAA)</figcaption>
 </figure>Total domestic gasoline supply decreased from 228.4 million barrels to 222.3 million. Gasoline production decreased last week, averaging 9.8 million barrels per day.&nbsp;

Oil prices spike, national average up nearly 30 cents