Gas Prices Inch Up as Refinery Struggles Lead to Notable Drop in Supply
by: GasBuddy
Published: November 10, 2025
BOSTON...The nation’s average price of gasoline has risen 4.8 cents over the last week and stands at $3.03 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is down 4.0 cents from a month ago but is 0.8 cents per gallon higher than a year ago. The national average price of diesel has increased 6.5 cents in the last week and stands at $3.728 per gallon.
“The national average price of gasoline edged higher last week, with the vast majority of states seeing prices climb,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Refinery issues in the Great Lakes and West Coast have kept prices elevated, and gasoline inventory data from the government showed another large weekly drop in supplies, which has temporarily propped up prices. With thousands of flight cancellations ahead of Thanksgiving due to the FAA flight cuts, there could be slight shifts in gasoline demand, which may limit any near-term declines.”
OIL MARKET DYNAMICS
Oil prices have remained under selling pressure over the last week, but inched up for the start of the new week on optimism that the U.S. government will reopen soon. In early Monday trade, a barrel of WTI crude was up 24 cents to $59.99 per barrel, down from last Monday’s $61.53 per barrel fetch. Brent crude was up 24 cents in early trade to $63.87, also a slight drop versus last week’s $65.96 per barrel start. While OPEC continues to raise production and will again for the month of December, a cooling global economy, coupled with the rise in output, has kept oil prices under pressure. China has been buying millions of barrels of crude oil for storage; any end to Beijing’s buying may lead to a sharp slowdown in prices. “Oil prices continue to move sideways. While a large crude build in the U.S. was negative last week, news of a possible end to the U.S. government shutdown is positive for risk sentiment and oil prices today. This week we will see all energy agencies releasing their monthly reports,” said Giovanni Staunovo, UBS commodities analyst, in an e-mail.
OIL AND REFINED PRODUCT SUPPLIES
The EIA’s Weekly Petroleum Status Report for the week ending October 31, 2025, showed U.S. oil inventories rose by 5.2 million barrels, and are about 4% below the seasonal average for this time of year, while the SPR rose 500,000 barrels to 409.6 million. Gasoline inventories fell by 4.7 million barrels and are about 5% below the five-year seasonal average, while distillate inventories fell by 0.6 million barrels and are about 9% below the five-year seasonal average. Refinery utilization fell 0.6 percentage points to 86.0%, while implied gasoline demand, EIA’s proxy for retail demand, fell 49,000 bpd to 8.874 million barrels per day.
GAS PRICE TRENDS
The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, unchanged from last week, followed by $2.79, $2.89, $2.69, and $3.09, rounding out the top five most common prices.
The median U.S. gas price is $2.89 per gallon, unchanged from last week and about 14 cents lower than the national average. The top 10% of stations in the country average $4.49 per gallon, while the bottom 10% average $2.42 per gallon.
The states with the lowest average prices: Oklahoma ($2.52), Louisiana ($2.54), and Mississippi ($2.54).
The states with the highest average prices: California ($4.69), Hawaii ($4.41), and Washington ($4.16).
Biggest weekly changes: Colorado (-16.5¢), Maryland (+16.5¢), Delaware (+13.8¢), Florida (-11.5¢), Washington (-9.9¢)
DIESEL PRICE TRENDS
The most common U.S. diesel price stood at $3.79 per gallon, up 10 cents from last week, followed by $3.99, $3.69, $3.49, and $3.59, rounding out the top five most common prices.
The median U.S. diesel price is $3.69 per gallon, up 10 cents from last week and about 4 cents lower than the national average. Diesel prices at the top 10% of stations in the country average $4.68 per gallon, while the bottom 10% average $3.09 per gallon.
The states with the lowest average diesel prices: Texas ($3.19), Louisiana ($3.26), and Mississippi ($3.27).
The states with the highest average diesel prices: Hawaii ($5.15), California ($5.12), and Washington ($4.91).
Biggest weekly changes: Wisconsin (+24.0¢), Ohio (+16.5¢), Iowa (+15.7¢), West Virginia (+13.9¢), Kentucky (+13.4¢)