National Gas Price Average Rises More Than 25-Cents for Second Straight Week

May 7, 2026/Joe Ciccanti

Drivers are seeing another sharp increase at the pump, with the national average for a gallon of regular gasoline rising 25 cents for the second consecutive week to $4.55. Pump prices are now $1.40 higher than they were a year ago and have reached their highest level since 2022, when the national average peaked at $5.01 per gallon. AAA reports that while crude oil prices dipped below $100 per barrel amid ongoing negotiations to reopen the Strait of Hormuz, gasoline prices continue to face upward pressure from global supply concerns. The Delaware gas price average is $4.35 today, up 18 cents in the last week and $1.31 higher than one year ago. The South Jersey gas price average is $4.54 today, up 29 cents in the last week and up $1.59 compared to one year ago. The national average per kilowatt hour of electricity at a public EV charging station remained the same at 41 cents and in Delaware– unchanged at 37 cents. 

 

Additional Information from AAA:

In Pennsylvania, the gas average is $4.69 today, up 36 cents in the last week and up $1.40 from one year ago. The Philadelphia 5-county gas price average is $4.66 per gallon, up 30 cents from last week and up $1.53 from one year ago. The South Jersey gas price average is $4.54 today, up 29 cents in the last week and up $1.59 compared to one year ago. The Delaware gas price average is $4.35 today, up 18 cents in the last week and $1.31 higher than one year ago.

 

The national average per kilowatt hour of electricity at a public EV charging station remained the same at 41 cents.

 

CURRENT AND PAST GAS PRICE AVERAGES

Regular Unleaded Gasoline (*indicates record high)

 

05/07/26

Week Ago

Year Ago

National

$4.55

$4.30

$3.15

Pennsylvania

$4.69

$4.33

$3.31

Philadelphia

(5-county)

$4.66

$4.36

$3.13

South Jersey

$4.54

$4.25

$2.95

Delaware

$4.35

$4.16

$3.04

Crude Oil

$95.08 per barrel

(05/06/26)

$106.88 per barrel

(04/29/26)

$59.42 per barrel (05/07/25)

 

CURRENT EV COST AVERAGES

Per kWh of electricity at an L2 commercial charging station

 

05/07/26

Week Ago

National

$0.41

$0.41

Pennsylvania

$0.43

$0.43

Delaware

$0.37

$0.37

According to new data from the Energy Information Administration (EIA), gasoline demand decreased last week from 9.10 million b/d to 8.81 million. Total domestic gasoline supply decreased from 222.3 million barrels to 219.8 million. Gasoline production decreased last week, averaging 9.6 million barrels per day.

 

At the close of Wednesday’s formal trading session, WTI fell $ 7.19 to settle at $95.08 a barrel. The EIA reports crude oil inventories decreased by 2.3 million barrels from the previous week. At 457.2 million barrels, U.S. crude oil inventories are about 1% above the five-year average for this time of year.

 

The Weekend

“Uncertainty in the Middle East continues to impact oil markets, resulting in several false retreats in recent weeks related to the potential reopening of the Strait of Hormuz,” said Jana Tidwell, spokesperson for AAA Club Alliance. “Mid-week crude oil prices retreated below the $100 per barrel mark, however until the Strait of Hormuz is reopened it’s unlikely we’ll see significant relief at the gas pumps.”

 

AAA has a variety of resources to help motorists save on fuel:

 

 

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