National gasoline prices fell five cents to $4.36 per gallon, yet remain significantly elevated compared to last year's $3.12 average as demand climbs to 8.76 million barrels per day.
U.S. gasoline prices remain at record highs for the month of October, with the national average holding above $4 per gallon for the first time in history. Despite a slight two-week decline in pump prices, current levels of $4.36 per gallon represent a significant year-over-year increase from $3.12, driven by persistent demand and inventory dynamics reported by the EIA.
The national average is $4.36 per gallon as of the latest report.
Gasoline is significantly more expensive than a year ago, when the average was $3.12 per gallon.
U.S. gasoline prices declined for the second consecutive week to a national average of $4.36 per gallon. Despite the slight relief, costs remain at record highs for October, marking the first time the average has stayed above $4 per gallon throughout the month.
Prices remain at record October levels due to sustained demand, which rose to 8.76 million barrels per day, keeping the national average above the $4 per gallon threshold.