Gas Prices Soar to $4.11 as Oil Prices Skyrocket
The national average price for a gallon of gasoline has reached $4.11, a 11-cent increase from last Monday's prices. The New York state average is slightly higher at $4.23, up 8 cents from last week. Oil prices are behind the surge in fuel costs, with crude oil trading between $85 and $91 per barrel due to volatility along the Strait of Hormuz.
The Energy Information Administration (EIA) reports that gasoline demand is on the rise while total domestic gasoline supply is also increasing. Diesel prices have seen a significant jump, with the national average at $5.30, up 19 cents from last week.
AAA members can save money by mapping routes, avoiding peak traffic times, and combining errands into one trip. The AAA mobile app can help drivers find the cheapest fuel prices based on their location.