Key facts
- National average regular gasoline price was $4.3344 on October 15, 2026.
The national average price for a gallon of regular gasoline was $4.3344 on October 15, 2026, according to AAA. This represents a 34% increase compared to the average price of $3.0674 a year earlier. The surge in gas costs contributes to rising inflation.
Rising gasoline prices directly contribute to inflation, impacting consumer spending and potentially influencing central bank monetary policy decisions. The cost of fuel is a significant factor in household budgets and business operating expenses.
The national average price for a gallon of regular gasoline reached $4.3344 on October 15, 2026, according to AAA. This marks a 34% increase from the $3.0674 average recorded a year prior. The price of diesel was $6.3173 on the same date. The U.S. Energy Information Administration notes that the cost of crude oil is the largest component of retail gasoline prices, influenced by various global factors. Taxes, refining costs, and distribution and marketing expenses also contribute to the final price at the pump. The price difference between different grades of gasoline, such as regular, midgrade, and premium, has widened since 2006.
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