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National Gasoline and Diesel Prices Averages Explode Week over Week
Posted on 3/2/26 at 7:45 am
Posted on 3/2/26 at 7:45 am
quote:
The nation’s average price of gasoline has risen 5.6 cents over the last week and stands at $2.94 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is up 7.8 cents from a month ago and is 10.1 cents per gallon lower than a year ago. The national average price of diesel rose 5.4 cents in the last week and stands at $3.740 per gallon.
“The national average price of gasoline has climbed for a fourth straight week, driven primarily by seasonal tightening and broader market dynamics,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Looking ahead, markets will now begin reacting to this weekend’s U.S.–Iran attacks, which have elevated geopolitical risk premiums even in the absence of immediate supply disruption. Oil prices have firmed as traders assess the potential for further escalation, and while fundamentals such as inventories and refinery activity remain important anchors, the risk of broader instability— particularly involving key transit routes— has injected fresh uncertainty into energy markets. In the week ahead, gasoline prices are likely to face heightened upward pressure as seasonal trends continue and markets navigate this evolving geopolitical landscape, with the national average poised to reach the $3-per-gallon mark for the first time this year.”
quote:
In early Monday trade, a barrel of West Texas Intermediate crude oil rose $5.39 per barrel to $72.41, up from $66.85 per barrel last Monday. Brent crude oil was up $6.42 per barrel in early trade, to $79.29 per barrel, up from $72.08 per barrel last Monday.
quote:
The states with the lowest average prices: Oklahoma ($2.42), Mississippi ($2.51), and Louisiana ($2.51).
The states with the highest average prices: California ($4.58), Washington ($4.29), and Hawaii ($4.29).
Biggest weekly changes: Wisconsin (+23.8¢), New Mexico (+13.5¢), Michigan (+11.8¢), Missouri (+11.0¢), Georgia (+10.2¢).
quote:
The states with the lowest average diesel prices: Texas ($3.27), Louisiana ($3.28), and Mississippi ($3.30).
The states with the highest average diesel prices: Hawaii ($5.09), California ($5.05), and Washington ($4.84).
Biggest weekly changes: New Mexico (+19.3¢), Arizona (+12.8¢), Arkansas (+12.4¢), Colorado (+12.0¢), Nebraska (+11.9¢).
LINK
I’m just thankful President Trump refilled the Strategic Petroleum Reserve back to the pre-Biden raid levels.
3
Posted on 3/2/26 at 8:43 am to ragincajun03
Explode? C'mon now.
Posted on 3/2/26 at 8:47 am to andwesway
quote:
Explode? C'mon now.
Modern "journalism," they must keep a thesaurus nearby at all times
Posted on 3/2/26 at 8:54 am to andwesway
quote:Just like the Saudi oil refinery
Explode? C'mon now.
Posted on 3/2/26 at 8:56 am to bad93ex
quote:
Modern "journalism," they must keep a thesaurus nearby at all times
Come on, now. I’ve started making up these headlines myself. Give me some credit.
And yes, I do utilize Google as a thesaurus to use different words for “escalate” “tumbles”, etc.
Posted on 3/2/26 at 9:04 am to ragincajun03
Crude price (futures) takes a while, contractually and physically, to get to the pump. Weeks!
Up or down
Yet, retail fuel prices reflect up like a rocket and down like a parachute. Retail fuel margins will be sweet for a while. Sorry, Consumer.
"I did that" stickers and particular Presidents no matter.
Geopolitics matters. The world is bigger than a US President.
Up or down
Yet, retail fuel prices reflect up like a rocket and down like a parachute. Retail fuel margins will be sweet for a while. Sorry, Consumer.
"I did that" stickers and particular Presidents no matter.
Geopolitics matters. The world is bigger than a US President.
This post was edited on 3/2/26 at 9:06 am
Posted on 3/2/26 at 10:22 am to ragincajun03
Last week it was soar, now explodes. Whatever. I'm OK if it nuclear reacts from 2.17 to 2.29.
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