The price of crude oil futures are settling at $84.91. That is up $1.68 or 2.02%. The price has been up six or last seven trading days. On July 2, the low price for the cycle was reached at $67.04. Since then the price is up 25.48%.
The AAA price of a gallon of gas reached a low of $3.78 on July 7. The current average price is $4.02.
- February 27, 2026:$2.98 per gallon for regular unleaded. This marked the period just before geopolitical tensions in the Middle East began driving oil and gasoline prices sharply higher.
- January 20, 2025 (the start of President Trump’s second term): Approximately $3.10 per gallon. AAA’s weekly reports show the national average was $3.10 on January 16 and $3.13 on January 23, placing the January 20 inauguration-day average at roughly $3.11 per gallon.
This article was written by Greg Michalowski at investinglive.com.