WASHINGTON, D.C. (January 16, 2025)—Oil costs hovering around $80 a barrel have helped push the national average for a gallon of gas four cents higher since last week to $3.10. Meanwhile, today’s national average per kilowatt hour of electricity at a public EV charging station remained at 34 cents.
“Domestic gasoline demand is low, so why are pump prices creeping higher? Look at the cost of oil,” said Andrew Gross, AAA spokesperson. “Global oil prices have surged due to strong winter heating fuel demand and new U.S. sanctions against Russia’s energy sector. Oil costs account for 56% of what you pay at the pump. So, more expensive oil leads to more expensive gas. But that said, there are still 26 states with averages below $3 a gallon for now.”
For the complete report, including the latest EIA data, gas and EV charging price trends, and oil market dynamics, please visit: https://gasprices.aaa.com/news/