The national average price of gasoline increased 10.3 cents over the past week to $4.85 per gallon, ending an eight-week streak of declining prices. The increase follows rising crude oil prices driven by renewed conflict involving the U.S. and Iran, creating concerns about tighter global fuel supplies. Despite the weekly increase, gasoline prices remain 21.2 cents lower than a month ago but are still 71 cents higher than this time last year. The Midwest continues to offer some of the lowest regional fuel prices, averaging $3.66 per gallon, while the West Coast remains the highest at $4.83 per gallon.

For fleet operators, the recent increase is a reminder that fuel markets remain highly sensitive to geopolitical events. Although fuel costs remain below their spring highs, additional volatility is possible if global supply disruptions continue. Fleets should continue monitoring fuel expenses and budgeting accordingly, particularly those with high annual mileage or diesel-dependent operations, as rising oil prices could place additional upward pressure on operating costs in the coming weeks.