Skip to content
Back to Guavy Wire
Commodities

Gas Prices Remain High Amid Ongoing Conflict

Instruments
Oil
Share

The national average for regular gasoline is $4.09 per gallon, according to AAA, which is one cent lower than last week but still a significant burden on drivers.

The current conflict in the Strait of Hormuz continues to drive up crude oil prices, keeping them in the $80-per-barrel range and pushing gas prices even higher.

This August is poised to set a new record as the most expensive month for gasoline, surpassing the previous record set in 2022. The national average has been above $4 per gallon every day this month, with little movement on the crude oil front.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc