US Gasoline Prices Rise to Fresh 7-Year High

MILL VALLEY, CALIFORNIA - JULY 12: A customer prepares to pump gasoline into his car at a Valero station on July 12, 2021 in Mill Valley, California. The price of gasoline in the San Francisco Bay Area is the highest in the nation with an average price of $4.46 for a gallon of regular in San Francisco. The statewide average in California is $4.30, the highest average in the state since 2012. Photo by Justin Sullivan/Getty Images

Prices of regular gasoline in the United States have risen to a new seven-year high, though a slight dip in domestic demand meant that the recent rise was the smallest increase in a month.

For the week of Nov. 1, the national average for a gallon of regular gasoline rose to a seven-year high of $3.390, up less than a cent from $3.383 the week prior, according to the U.S. Energy Information Administration (EIA), which noted that gasoline demand last week fell from 9.63 million to 9.32 million barrels per day.