Overview
- AAA’s national average reached about $4.55 to $4.56 on Thursday, the highest since July 2022 as Iran’s hold on the Strait of Hormuz strained oil flows.
- EIA data show U.S. fuel exports hit a record last week while gasoline, diesel and crude inventories fell, a sign more American supply is heading overseas.
- GasBuddy’s Patrick De Haan says refinery troubles in the Great Lakes are clearing, with Indiana, Illinois, Ohio, Minnesota and Wisconsin likely to see 20 to 40 cents per gallon relief within one to two weeks.
- California’s statewide average is about $6.16, and one South San Francisco station listed regular at $7.89, reflecting steep local costs from taxes, rules and supply routes.
- Crude prices slipped on peace‑talk headlines, but analysts say pump prices usually fall more slowly because stations must work through fuel bought at higher wholesale costs.