The price of gasoline has significantly increased in the last year.

Question

Both the New York Times article “Summer Gas Prices Haven’t Been This Low Since 2021” by Emmett Lindner and the Trading Economics report on U.S. gasoline futures show that the claim “The price of gasoline has significantly increased in the last year” isn’t really accurate. The New York Times explains that gas prices have been lower than a year ago, averaging around $3.20 per gallon this summer—about 20 cents lower than last year. The article connects this stability to several global factors, such as a cease-fire between Israel and Iran and higher oil production from OPEC+, which helped keep prices from spiking. Even though oil prices briefly rose during the conflict, they quickly leveled out, keeping gas prices relatively steady for drivers. https://www.nytimes.com/2025/06/26/business/gas-prices-iran-israel.html

The Trading Economics report takes a closer look at gas prices from a market standpoint. It shows that gasoline futures have been holding around $1.90 per gallon in November, up slightly from a recent four-year low of $1.80 in October. The report mentions that strong production in the U.S., Canada, and Brazil, along with high export levels, has kept the market well supplied. It also notes that OPEC+ plans to maintain its current production levels into early 2025, which should help prevent large price increases in the near future. https://tradingeconomics.com/commodity/gasoline

Overall, both sources suggest that gas prices haven’t risen significantly over the past year. Instead, they’ve stayed fairly stable—or even dropped slightly—thanks to steady oil production and balanced global markets. The New York Times focuses more on what this means for everyday consumers, while Trading Economics provides the bigger picture behind the numbers. Together, they show that fears of rising gas prices don’t really match the current data.

Answer 1

According to my research this claim is true. Gasoline prices have increased throughout the years. Prices have been increasing from one week to another. Since last week gas prices went up 5 to 10 cents in different states.

For my primary source I used U.S Energy Administration, which shows statics since 1995 which the gas prices were 1.09 to 2025 to 3.29. It also demonstrates the prices from month to month more pricesly, which clearly shows the growth between time to time.

For my secondary source I used Gas buddy which goes in depth how trumps tariffs have caused quite a lot of panic. They state that recent national data shows prices have increased for the third week in a row, rising 10.6 cents in just one week, reaching an average of 3.21 per gallon. Creating a steady upward trend. Several states such as Oregon, Alaska, Neveda and Washington have received even a bigger increase from 12 to 17 cents.

Overall, these two sources conclude that the price of gas has been risen and continue to rise throughout the year. According to the data this trend might be on going for next year as well.

Answer 2

When we look at actual data for average U.S. retail gasoline prices, the evidence does not support a large increase over the last year. According to weekly data from the Energy Information Administration (EIA), the U.S. average price for all grades of retail gasoline was about $3.19 per gallon in November 2024 and about $3.19 per gallon in November 2025. That shows essentially no meaningful change. A separate fact brief notes that while prices rose earlier (January-April 2024) they call that rise “not unusual” and smaller than some prior years’ jumps. 
In other words: the claim that gas prices have “significantly increased” over the past year is false or misleading, they have remained roughly flat (or even slightly lower) in many metrics. It’s possible in certain regions or for certain grades the price moved differently, but at a national average level the claim doesn’t hold up. https://www.eia.gov/dnav/pet/hist/leafhandler.ashx?f=m&n=pet&s=emm_epm0_pte_nus_dpg

Answer 3

Although it currently may seem that a lot of daily necessities have gone up in regards to price, According to ycharts, Gasolines prices have actually decreased from the last year. The value of gas last years was recorded as $3.19 from last year and the value of gas from this year (since November 10 2025) is on average $3.18.This information from Ycharts has been taken from the Energy Information, Administration which is highly accredited for it's economic data.  This means that there hasn't been a significant decrease or increase on gas. The claim on gas prices being from last year would not be accurate but saying that gas prices have increase in the past couple of years would probably be more accurate.

https://ycharts.com/indicators/us_gas_price#:~:text=US%20Retail%20Gas%20Price%20is,0.16%25%20from%20one%20year%20ago.