cost-of-living

Gas Hits $4.48 for the First Time Since 2022, and This Is the Season It Usually Falls

Published September 25, 20265 min read
Line chart of US gasoline prices over the last 12 months (UGA futures proxy) on a dark background
The EIA's weekly average hit $4.478 a gallon the week of September 21 — the highest since July 2022, and unusually rising instead of falling this time of year. Illustration: MarketIntelLabs

A gallon of regular gasoline cost a national average of $4.478 in the week ending Monday, September 21 , the highest weekly EIA print since the week of July 18, 2022, according to Energy Information Administration data published through FRED. The pump moved 16 cents higher in a single week, from $4.319 to $4.478, and sits 41 percent above the $3.173 average of a year ago. What makes it sting is the calendar: this is the season when prices usually fall.

Key Takeaways The EIA weekly average for regular gasoline hit $4.478 a gallon in the week ending September 21, the highest since July 2022. Prices rose 16 cents in one week and are 41 percent above the year-ago average of $3.173. WTI crude clos…

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