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Gas Prices Are Skyrocketing Once Again

Tim HuntBy Tim HuntJuly 22, 20262 Mins Read
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Gas Prices Are Skyrocketing Once Again

Summer is sailing by for those of us in the US. We’re past the July 4 vacation rush and pretty soon, the long Labor Day holiday will be on the horizon. It’s peak travel time right now, and there’s no easy way to say it – motorists are taking it on the chin with fuel prices that are once again climbing.

If there’s any good news here, it’s that we aren’t quite at the peak that surpassed $4.60 a gallon for the national average back in June. But prices are officially above the $4.00 mark once again, and they are rising at a distressing rate. Here’s the latest on prices for regular, premium, and diesel as of July 21.

Up 16 Cents In One Week

Credit: White House / YouTube

The latest AAA report lists regular fuel – generally 87 octane for most locations – at $4.019. That’s the national average, and it officially crossed the $4.00 bar on July 20. That’s a substantial jump of 16 cents from a week ago, when the national average was $3.859. If you live in the lower Midwest and Mid south, you’re getting the better end of the spectrum. Places like Texas, Oklahoma, Louisana, and Kansas are averaging between $3.60 and $3.70 for a gallon of the cheap stuff. Indiana has the cheapest gas in the nation at $3.34 per gallon.

Curiously, next-door-neighbor Illinois is nearly a buck more at $4.16 per gallon. New England is largely around the national average, running between $4.00 and $4.15. The most expensive gas is still out west, with three states topping $5.00 per gallon. Washington is $5.03, Hawaii (admittedly WAY west) is at $5.43, and California leads them all at $5.51. Keep in mind, that’s for basic regular octane.

For those who need premium fuel (generally 91 octane or higher), it’s way worse. Indiana’s average is $4.44, the cheapest you’ll pay in the country. California checks in at $5.94, the most expensive in the US. The national average for premium sits at $4.90, nearly $1 more per gallon than regular. With many turbocharged vehicles requiring premium fuel, it’s definitely a bitter pill to swallow.

Source: AAA

Read the full article on CarBuzz

This article originally appeared on CarBuzz and is republished here with permission.

Read the full article here

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