WASHINGTON, D.C. (September 14, 2023)—The national average for a gallon of gas rose by five cents since last week to hit $3.85. The main culprit is the surge in oil costs, which have jumped several dollars to hover around $90 per barrel.
“Oil costs are putting upward pressure on pump prices, but the rise is tempered by much lower demand,” said Andrew Gross, AAA spokesperson. “The slide in people fueling up is typical, with schools back in session, the days getting shorter, and the weather less pleasant. But the usual decline in pump prices is being stymied for now by these high oil costs.”
For the complete report, including the latest EIA data and oil market dynamics, please visit https://gasprices.aaa.com/are-we-there-yet-gas-prices-may-slowly-dip-as-fall-arrives/