National Gas Average Drops Nearly 20 Cents in One Week

WASHINGTON, DC–The national average for a gallon of regular gasoline is down 18 cents since last week to $4.24. This marks the second straight week of decline. Pump prices are cooling off as the price of crude oil remains below $100 per barrel. Drivers will take all the relief they can get as they embark on summer road trips. But uncertainty lingers over when the Strait of Hormuz will fully reopen and resume traffic. That unknown means oil prices will likely not decrease dramatically as summertime gasoline demand starts going up. 

The national average per kilowatt hour of electricity at a public EV charging station remained the same this past week at 41 cents. 

For the complete fuel report, including the latest EIA data, state gas and EV charging price trends, and oil market dynamics, please visit AAA Fuel Site.