WASHINGTON, D.C. (July 25, 2024)—Barely budging since June, the national average for a gallon of gas squeaked out a two-penny increase to $3.52 since last week. The national average has hovered around $3.50 per gallon since June 26th.
“Some of the uptick in gasoline prices may be due to a reported storm-related outage at the ExxonMobil refinery in Joliet, Illinois. That’s contributing to higher pump prices in the upper Midwest,” said Andrew Gross, AAA spokesperson. “Meanwhile, oil prices have fallen quite a bit lately. In April, a barrel of oil was in the upper $80s, but today, it is $10 a barrel cheaper. That might mitigate any upward pressure on pump prices.”
For the complete report, including the latest EIA data and oil market dynamics, please visit: https://gasprices.aaa.com/summer-brake-gas-prices-stationary-at-the-station/