Oil Prices Spike, National Average Up Nearly 30 Cents in One Week
In New Jersey, the average price for a gallon of regular gasoline has skyrocketed 34 cents to $4.27 over the last week.
Apr 30, 2026 | Fuel
VOORHEES, N.J. (April 30, 2026) — After ticking down for nearly two weeks, gas prices are going back up again with the national average seeing a 27-cent hike in one week. The national average is $1.12 higher than it was this time last year, as oil prices surge above $100/barrel with no indication of when the Strait of Hormuz will reopen. Gas prices are the highest they’ve been in four years, since late July 2022.
Today’s National Average: $4.300
One Week Ago: $4.031
One Month Ago: $3.990
One Year Ago: $3.183
In New Jersey, the average price for a gallon of regular gasoline has skyrocketed 34 cents to $4.27 over the last week. That’s the 8th-largest jump in the country during that span. Over the last month, prices are up 40 cents. Since the same time last year, prices are up $1.27.
The cheapest gas in the Garden State can currently be found in Salem County, with an average price of $4.21. Cape May County is the most expensive in the state at $4.32.
According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 9.05 million b/d to 9.10 million. Total domestic gasoline supply decreased from 228.4 million barrels to 222.3 million. Gasoline production decreased last week, averaging 9.8 million barrels per day.
Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI rose $6.95 to settle at $106.88 a barrel. The EIA reports crude oil inventories decreased by 6.2 million barrels from the previous week. At 459.5 million barrels, U.S. crude oil inventories are about 1% above the five-year average for this time of year.
EV Charging
The national average per kilowatt hour of electricity at a public EV charging station went up by one cent this past week to 41 cents.
State Stats
Gas
The nation’s top 10 most expensive gasoline markets are California ($6.01), Hawaii ($5.64), Washington ($5.57), Oregon ($5.15), Nevada ($5.12), Alaska ($4.92), Arizona ($4.67), Illinois ($4.66), Michigan ($4.58), and Ohio ($4.46).
The nation's top 10 least expensive gasoline markets are Oklahoma ($3.70), Kansas ($3.75), Georgia ($3.75), Mississippi ($3.77), Arkansas ($3.79), Louisiana ($3.80), Missouri ($3.83), North Dakota ($3.84), Texas ($3.85), and Alabama ($3.86).
Electric
The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (53 cents), Hawaii (51 cents), Alaska (50 cents), Louisiana (47 cents), New Hampshire (47 cents), California (46 cents), South Carolina (46 cents), New Jersey (45 cents), Arkansas (44 cents), and Illinois (44 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (29 cents), Missouri (31 cents), Utah (32 cents), Maryland (33 cents), Nebraska (33 cents), Iowa (34 cents), South Dakota (35 cents), Vermont (35 cents), New Mexico (36 cents), and Delaware (37 cents).
Drivers can find current gas and electric charging prices along their route using the AAA TripTik Travel planner.
About AAA
Started in 1902 by automotive enthusiasts who wanted to chart a path for better roads in America and advocate for safe mobility, AAA has transformed into one of North America’s largest membership organizations. Today, AAA provides roadside assistance, travel, discounts, financial and insurance services to enhance the life journey of over 66 million members across North America, including 56 million in the United States. To learn more about all AAA has to offer or to become a member, visit AAA.com.