Will average **gas prices** be above $4.1400?
AAA’s average jumped 2.49 cents in one day and needs less than two cents more, so a reading above $4.1400 is likely.
The latest AAA reading remains below the cutoff, and a separate holiday-weekend forecast is lower still. Even so, the one-day AAA increase nearly closed the gap while rising wholesale gasoline, tight inventories, and disrupted global oil supplies point upward. Because only a small additional retail move is needed and pump prices can lag wholesale changes, a reading above $4.1400 is likely, though a reversal or delayed pass-through remains plausible.
- The latest daily increase was large enough that a similar move would clear the threshold.AAA’s national average rose 2.49 cents from September 1 to $4.1203 on September 2.
- Disrupted oil flows and elevated crude prices are adding upward pressure to gasoline costs.On September 2, shipping through the Strait of Hormuz was effectively shut, while Brent crude settled at $95.63 per barrel.
- Exceptionally low gasoline inventories leave little supply cushion against further price increases.On August 31, domestic gasoline inventories were reported at their lowest level since August 2012 after a 2.5-million-barrel decline.
- AAA’s latest national average remains below the strict resolution threshold with only one day left.On September 2, AAA’s U.S. average for regular gasoline was $4.1203 per gallon, below $4.1400.
- A lower holiday-weekend forecast and slowing demand point toward prices staying beneath the threshold.On September 2, GasBuddy forecast a $4.03 average for the final summer holiday weekend and said gasoline demand was decelerating.
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