USA GasBuddy Weekly Gas Price Report

Commentary Energy
Source
GasBuddy
Source Link
https://www.gasbuddy.com/
Frequency
Weekly
Next Release(s)
March 16th, 2026 9:00 AM

Latest Updates

  • The U.S. national average gasoline price rose +$0.511 WoW to $3.45 per gallon (+$0.541 MoM; +$0.416 YoY), marking one of the fastest weekly increases in years as oil prices surged amid escalating Middle East tensions.

    • The national average gasoline price increased +$0.511 WoW to $3.45/gal, rising from roughly $2.94 last week and from about $2.91 a month ago, while standing +$0.416 YoY higher than the same time last year.

    • Diesel prices surged even more sharply, increasing +$0.859 WoW to $4.599/gal, reflecting stronger upward pressure in distillate fuel markets.

    • Crude oil prices moved higher during the week, with WTI rising from $66.85/bbl to $72.41/bbl (+$5.56 WoW) and Brent increasing from $72.08/bbl to $79.29/bbl (+$7.21 WoW), highlighting rising geopolitical risk premiums tied to Middle East tensions.

    • U.S. crude inventories increased +3.5M bbl and remain about 3% below the seasonal average, while gasoline inventories declined -1.7M bbl and remain about 3% above the five-year seasonal average.

    • Distillate inventories increased +0.4M bbl but remain roughly 3% below the five-year seasonal average, indicating tighter supply conditions relative to gasoline stocks.

    • Refinery utilization rose +0.6 ppt to 89.2%, while implied gasoline demand declined -442k bpd to 8.292M bpd, suggesting weaker weekly consumption despite higher prices.

    • The most common gasoline price in the U.S. increased +$0.40 WoW to $3.19/gal and the median price rose +$0.50 WoW to $3.29/gal, remaining about $0.16 below the national average.

    • Regional price dispersion remained wide, with the highest state averages in California ($5.14), Washington ($4.58), and Hawaii ($4.33), while the lowest were in Kansas ($2.90), Oklahoma ($2.95), and Arkansas ($2.98).