WASHINGTON, D.C. — Gas prices are climbing again nationwide, with the average cost of a gallon of regular topping $4 this week for the first time in nearly four years.
The national average reached $4.08, up 10 cents from last week and more than $1 higher than a month ago, driven largely by surging crude oil prices tied to ongoing conflict in the Middle East.
Oil prices have climbed above $100 per barrel as disruptions in global supply continue, including the closure of the Strait of Hormuz, a key shipping route for crude.
Despite rising prices, gasoline demand dipped slightly over the past week, while domestic supply and production both saw modest declines, according to federal energy data.
The current spike echoes 2022, when prices surged through the spring and summer, peaking at $5 per gallon nationally for a brief period.
Regional disparities remain significant, with California, Hawaii, and Washington among the most expensive markets, while states across the Midwest and Plains continue to see prices well below the national average.
Meanwhile, the cost of charging electric vehicles held steady, averaging 41 cents per kilowatt hour at public charging stations nationwide.
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