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

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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