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Gas prices continue to rise while demand and production volume show decrease

On Saturday, AAA reported the national retail average for a gallon of regular gasoline ticked up overnight to $3.925, a 25-cent increase from one week earlier.
AAA and the Energy Information Administration reported gasoline demand last week fell from 9.24 million to 8.72 million barrels per day, while domestic supply dropped to 244 million barrels and production averaged roughly 9.4.
California remained the most expensive market, averaging $5.70 for regular on Saturday while fewer than 10 states had prices below $3.50 and no states were under $3.
Diesel prices have jumped, with the diesel national average at $5.208, about $1.50 more than one month ago, and three states report diesel above $6 per gallon: California $6.767, Washington $6.346, and Hawaii $6.138; Oklahoma's diesel average is $4.413.
Compared with mid‑2022 records, the current price trend shows a rise despite data from AAA and the Energy Information Administration indicating falling demand and production, with $5.016 for regular on June 14, 2022, and $5.816 for diesel on June 19, 2022.

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Gas prices continue to rise while demand and production volume show decrease

The price of gasoline continued its upward trend Saturday while newly released data shows a recent decrease in demand and production. Here are the latest numbers.

2 days ago·Spokane, United States

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