Gas prices are rising again, putting August on track to become the most expensive on record for American drivers.
The national average for a gallon of regular gasoline climbed 3 cents over the past week to about $4.10, according to AAA. That’s the highest price ever recorded for this date. The average for August so far is $4.06, surpassing the previous August record of $3.97 set in 2022.
In Florida, drivers are paying about $3.91 per gallon.
The increase comes despite a seasonal decline in gasoline demand. Energy Information Administration data showed demand fell from 8.96 million barrels per day to 8.68 million last week, while domestic gasoline supplies increased from 208.7 million barrels to 209.4 million barrels.
Higher crude oil prices are keeping pressure on consumers. Oil remains above $80 per barrel amid continued instability in the Strait of Hormuz. West Texas Intermediate crude settled Wednesday at $85.83 per barrel, up 89 cents.
Gas prices at a glance:
National average: $4.10
One week ago: $4.07
One month ago: $4.00
One year ago: $3.13
Prices vary significantly across the country. California remains the most expensive market at roughly $5.58 per gallon, while several Southern and Midwestern states remain below $4.
Drivers of electric vehicles are seeing more stability. The national average price at public EV charging stations remained unchanged at 42 cents per kilowatt-hour.
With crude oil prices elevated and August already running above the previous record, motorists could continue facing higher-than-normal prices heading into the Labor Day travel period.
