WASHINGTON, DC (May 1, 2025) – The national average for a gallon of regular saw few changes over the past week, going up slightly to $3.18. Even though this is the time of year when we typically see seasonal increases and rising demand, the price of crude oil has been plunging. A couple of factors are at play: economic concerns and the decision by OPEC+ (the group of oil-producing countries) to increase output and add more oil to the market, despite tepid demand. The lower the price of oil, the less drivers pay at the pump. The national average is almost 50 cents less than it was this time last year.
The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 34 cents.
For the complete fuel report, including the latest EIA data, state gas and EV charging price trends, and oil market dynamics, please visit: https://gasprices.aaa.com/quiet-week-at-the-pump-as-gas-prices-fluctuate-slightly/