U.S. gasoline prices have been rising with crude oil prices

U.S. regular retail gasoline prices averaged $2.85 per gallon (gal) on Monday, March 29, according to EIA’s Gasoline and Diesel Fuel Update. U.S. gasoline prices have generally increased since reaching a multiyear low of $1.77/gal in late April 2020, primarily because of higher crude oil prices and higher wholesale gasoline margins. Prior to this week’s small decline, U.S. gasoline prices increased for 17 consecutive weeks in EIA’s survey, marking the longest consecutive streak of price increases since 1994.
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