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Scan for outdated or missing drivers - takes under a minuteDriver Scan →Clear out junk files and repair common Windows errorsFree Scan →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →U.S. gas prices rose in early April 2024 because crude oil became more expensive while refinery problems and maintenance constrained gasoline production. The seasonal shift to summer-grade fuel added cost, too. But prices did not rise every week: AAA’s national average reached $3.67 per gallon on April 18, then eased to $3.65 on April 25. These are historical conditions, not current prices.
What happened to gas prices in April 2024?
AAA reported a national average of $3.56 per gallon on April 4, up three cents from the previous week, 21 cents from a month earlier and six cents from a year earlier. The average then rose to $3.67 on April 18 before falling to $3.65 on April 25. The month’s broader spring rise was therefore a trend, not a steady week-by-week climb.
Several forces shaped that pattern: crude-oil prices and global supply concerns, reduced refinery output and gasoline inventories, and the seasonal transition to summer fuel. Demand also shifted from week to week, while local taxes and supply conditions meant drivers did not all see the same prices.
Why did crude oil put upward pressure on gasoline?
Crude oil is a major input in gasoline production, so higher crude prices can raise the cost of making fuel. The U.S. Energy Information Administration (EIA) said crude accounted for 56% of the cost to produce a gallon of gasoline in March 2024. That is a production-cost share for that month—not an exact breakdown of the price drivers paid at the pump in April. EIA’s April analysis provides that context.
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In the same analysis, EIA reported that Brent crude rose 20%, from $76 per barrel on January 2 to $91 per barrel on April 5. Tensions in the Middle East—including Houthi attacks on Red Sea shipping and Israel-Iran military actions—raised concerns about possible supply disruptions. Voluntary OPEC+ production cuts also put pressure on global inventories and crude prices.
AAA’s April 4 report recorded a related market signal: West Texas Intermediate (WTI) settled at $85.43 per barrel on April 3. AAA said concerns about overseas oil supplies were keeping prices elevated. These events contributed to market risk; they do not mean that any one event alone determined the price at the pump. AAA’s April 4 update includes the dated figures.
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How did refinery problems and low stocks affect supply?
Refineries convert crude oil into gasoline and other products. When they operate below capacity, produce less gasoline or shut down unexpectedly, supplies can tighten—particularly in regions with limited access to fuel from elsewhere.
EIA reported that U.S. refinery utilization fell 11% from early January 2024, reaching 81% in the weeks ending February 9 and 16. It attributed reduced operations in the Midwest and Gulf Coast to cold-weather problems, early planned maintenance and the unplanned shutdown of BP’s Whiting refinery in Indiana. Lower production contributed to reduced gasoline inventories in key regions. EIA’s refinery analysis describes the operational constraints.
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AAA’s April 4 report, citing new EIA data, said domestic gasoline stocks fell by 4.2 million barrels to 227.8 million barrels in the latest reported week. EIA’s April outlook also said lower refinery production and higher net exports had caused stronger-than-expected inventory draws. It lowered its forecast for end-of-period motor gasoline stocks in the second quarter by almost 7 million barrels compared with its March outlook, and expected inventories to average about 4 million barrels below the prior forecast through 2024. Those were April forecasts, not final inventory results. The April 2024 Short-Term Energy Outlook records those projections.
Why does spring’s switch to summer gasoline matter?
Gasoline is formulated differently by season. Summer gasoline must be less prone to evaporating in warm weather, and refiners use more expensive components to meet that requirement. The transition can add production costs as refiners change their blends. EIA also notes that prices have historically tended to rise in spring and peak in late summer, when driving increases. EIA’s explanation of gasoline pricing covers both seasonal fuel specifications and demand patterns.
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As historical context, EIA found that average U.S. retail regular-gasoline prices in August were about 40 cents per gallon higher than January averages across 2004–2023. That long-run seasonal difference is not a measurement of how much the fuel change added to prices in April 2024.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Did demand keep pushing prices higher all month?
No. Demand data varied, and demand was not a one-way explanation for the price rise. In its April 4 update, AAA said gasoline demand rose from 8.72 million barrels per day to 9.23 million barrels per day in the latest reported week. By April 18, AAA described demand as lackluster even as the national average rose four cents to $3.67 per gallon. It noted that oil had fallen several dollars from its recent high and that demand might lull between spring breaks and Memorial Day. AAA’s April 18 update details that pause in momentum.
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By April 25, the national average had slipped two cents to $3.65. AAA cited subdued domestic demand and retreating oil costs. The shift illustrates how crude prices, refinery supply, inventories and driving demand can pull in different directions over short periods. AAA’s April 25 update reports the decline.
Why did prices vary from one region to another?
A national average does not describe every driver’s experience. Local supply and demand, transportation links, state taxes and fuel specifications all affect retail prices. EIA says West Coast prices are often higher because the region is less connected to other refining centers, local supply-demand conditions can be tight, several states have higher-than-average taxes, and California’s fuel specifications can cost more to meet. Gulf Coast prices are usually lower because the region has more than half of U.S. refining capacity and produces more gasoline than it consumes.
For a dated regional illustration—not an April comparison—EIA reported May 20 averages of $4.62 per gallon on the West Coast and $3.11 on the Gulf Coast. EIA’s regional analysis gives the figures and explains the underlying differences.
What did forecasters expect in April?
EIA’s April 2024 Short-Term Energy Outlook forecast an average U.S. retail gasoline price of about $3.60 per gallon for 2024. This was a forecast made at the time, not the final average recorded for the year. The archived April outlook also details its inventory expectations.
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