Gas prices averaged $4.19 a gallon in August, Reuters reported on Sept. 11, as gasoline costs rebounded and are likely to push U.S. consumer inflation higher.
Reuters said higher gasoline costs helped drive a forecast 0.4% rise in the Consumer Price Index for August and noted gasoline averaged $4.192 a gallon that month, up from $4.064 in July.
AAA data corroborates that pump costs remain elevated: the auto-club reported the national average was about $4.32 a gallon as of Sept. 14, and its weekly releases show the national average has risen in recent weeks.
Analysts Reuters quoted linked the rise in gas prices to climbing oil benchmarks, with Brent trading back above $100 a barrel in early September, and to tight gasoline inventories that have kept wholesale and retail margins firm.
Higher pump prices are already showing up in broader price measures: Reuters said gasoline’s rebound would likely lift the August CPI reading and influence Federal Reserve rate considerations.
For drivers, sustained high gas prices mean larger weekly fuel bills and potential pressure on consumer spending. The topic has drawn coverage across outlets and trackers, including a national gas-price tracker and earlier Labor Day reporting that noted record-high pump averages.
Internal reporting on this site has tracked the same trend, with recent pieces covering nationwide rises and Labor Day records that give readers deeper state-by-state context.
Sources
- Reuters — reported gasoline averaged $4.192 a gallon in August and that higher fuel costs likely pushed CPI up 0.4% in August.
- AAA — provided the national average pump price (about $4.32 a gallon as of Sept. 14) and weekly national gas-price updates.
Related reading: Gas prices rising nationwide, Gas prices hit record high for Labor Day
