Iran War Keeps Pushing Gas Prices Up

May 11, 2026 3:39 pm

Gas prices are 20 cents higher in Western Pennsylvania this week at $4.851 per gallon, according to AAA East Central’s Gas Price Report.  Even though the national average has been decreasing over the past few days, this week’s average is still seven cents more than a week ago at $4.52. Pump prices are 39 cents more than a month ago and $1.39 higher than they were a year ago. Prices have not been this high since summer of 2022. While crude oil prices dipped below $100 per barrel amid ongoing negotiations to reopen the Strait of Hormuz, gasoline prices continue to face pressure from global supply concerns.  According to new data from the Energy Information Administration (EIA), gasoline demand decreased last week from 9.10 million barrels per day 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.