The Iran War Continues & Gas Prices Shoot Up

August 24, 2026 4:19 pm

Gas prices are 18 cents higher in Western Pennsylvania this week at $4.349 per gallon, according to AAA East Central’s Gas Price Report.  The national average for a gallon of regular gasoline is up 3 cents from last week to $4.09, which marks the highest it’s ever been on this date. This August is shaping up to be the highest on record. So far, the monthly average is $4.06, currently surpassing 2022 when the monthly average for August was $3.97. Even though gasoline demand is down, which is typical for this time of year, crude oil is pushing up the national average. Crude oil prices remain in the $80 per barrel range amid continued instability in the Strait of Hormuz.  According to new data from the Energy Information Administration (EIA), gasoline demand decreased last week from 8.96 million barrels per day to 8.68 million. Total domestic gasoline supply increased from 208.7 million barrels to 209.4 million. Gasoline production also increased last week, averaging 9.7 million barrels per day.