“With Israel and Iran trading attacks over the past week, oil prices have continued to climb —and gasoline prices are following suit, rising at a pace we haven’t seen since last summer,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“Few pumps have been immune, with nearly all states seeing gas prices rise over the last week. Additionally, average diesel prices recorded their largest weekly jump since August 2023. Now, with the U.S. launching attacks on Iran, oil prices are likely to continue trending higher. That said, I do not expect the apocalyptic spikes being circulated by some so-called influencers on social media — many of which are wildly inaccurate.”
“For now, motorists should anticipate a continued steady climb in prices, with the national average likely to increase another 7 to 15 cents this week, while diesel could rise by 10 to 20 cents. These forecasts remain fluid and could shift quickly depending on global developments, so we encourage motorists to stay tuned to GasBuddy for the latest updates and insights.”
Oil prices have also reflected the global tensions.
In early Monday trading, West Texas Intermediate (WTI) crude oil fell 6 cents to $73.78 per barrel, up from $71.85 a week earlier. Brent crude oil dipped 15 cents to $76.86 per barrel, up from last Monday’s $73.12.
“Crude prices spiked as tensions in the Middle East flared. The risk premium now factored into prices could fade in case of no supply disruptions,” said Giovanni Staunovo, UBS Commodities Analyst. “But it will likely stay elevated for now, given uncertainty around how the conflict between Israel and Iran might evolve.”
The U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report for the week ending June 13, 2025, showed a sharp drop in U.S. oil inventories by 11.5 million barrels, now about 10% below the seasonal average.
The Strategic Petroleum Reserve rose slightly by 200,000 barrels to 402.3 million.
Gasoline inventories increased by 0.2 million barrels but remain 2% below the five-year seasonal average, while distillate inventories rose 0.5 million barrels and sit 17% below average. Refinery utilization dropped to 93.2%. Implied gasoline demand climbed to 9.299 million barrels per day.
Among gasoline prices nationwide, the most common price encountered by motorists remains $2.99 per gallon, followed by $3.19, $2.89, $3.09, and $2.79. The median U.S. gas price is $3.05 per gallon, up 10 cents from last week.
The top 10% of gas stations are charging an average of $4.37 per gallon, while the lowest 10% average $2.66 per gallon.
States with the lowest average gas prices include Mississippi ($2.71), Oklahoma ($2.78), and Louisiana ($2.80). The highest are California ($4.60), Hawaii ($4.39), and Washington ($4.39). The biggest weekly increases were seen in Michigan (+20.2¢), Delaware (+13.8¢), Texas (+12.4¢), New Hampshire (+12.1¢), and Tennessee (+11.7¢).
Diesel prices showed an even sharper rise, with the most common U.S. price at $3.59 per gallon, followed by $3.69, $3.49, $3.39, and $3.19. The median price is $3.58, up 19 cents from last week. The top 10% of diesel stations are averaging $4.55 per gallon, while the bottom 10% average $3.08.
Texas ($3.19), Mississippi ($3.27), and Louisiana ($3.28) currently have the lowest average diesel prices. The highest are in Hawaii ($5.27), California ($5.07), and Washington ($4.80). Wisconsin saw the largest weekly diesel price hike at 28.2 cents, followed by Ohio (+22.9¢), Nebraska (+22.7¢), Indiana (+22.6¢), and Minnesota (+21.5¢).
