Oil prices rose over the weekend as markets reacted to the news that a second round of peace talks would not happen, leading to continued uncertainty about an end to the war with Iran. The Strait of Hormuz remains essentially closed, and the U.S. Navy has begun operations to clear mines from the critical passageway.
Gasoline demand decreased slightly in the week ending April 17, from 9.08 million barrels a day to 9.05 million barrels a day, according to the latest Energy Information Administration (EIA) report. The EIA reports that, while the latest demand figure is 359,000 barrels a day lower than this time last year, it’s 632,000 barrels a day higher than demand levels seen at this time in 2024, indicating that higher prices aren’t greatly diminishing demand. Supply also dipped from 232.9 million barrels to 228.4 million barrels, according to the EIA. Both supply and demand figures are roughly in line with the five-year averages.
“Because the price of oil makes up more than half of the price we pay at the pump, gas prices continue to be heavily impacted by the latest swings in oil prices,” said Jillian Young, director of public relations for AAA Northeast. “With refineries selling the more expensive summer-blend gasoline and the busiest driving season ahead of us, those factors may contribute to additional upward pressure on gas prices.”
AAA’s April 27 survey of fuel prices found the current national average up 7 cents from last week ($4.04), averaging $4.11 per gallon. The national average price was 14 cents higher than a month ago ($3.97) and 97 cents higher than this day last year ($3.14).
| Region | Current Price* | One Week Ago | One Month Ago | One Year Ago |
| Rhode Island | $4.08 | $3.94 | $3.80 | $2.94 |
| Massachusetts | $4.04 | $3.95 | $3.78 | $2.96 |
| New Jersey | $4.08 | $3.94 | $3.87 | $2.96 |
| New York | $4.18 | $4.10 | $3.92 | $3.09 |
| Connecticut | $4.21 | $4.04 | $3.93 | $3.06 |
*Prices as of April 27, 2026
As of April 27, Oklahoma and Kansas had the lowest prices in the nation at $3.50 and $3.52, respectively. California and Hawaii had the highest prices in the nation at $5.94 and $5.65, respectively.
The AAA Gas Prices website is your resource for up-to-date fuel price information. Search for average gas prices on national, state and metro levels by regular, plus, premium and diesel.
Last updated on April 27, 2026 by AAA Staff
Based in Rhode Island, Jillian Young is AAA Northeast’s director of public relations. She regularly appears in local TV, radio and print media to discuss traffic safety, travel, insurance and more.
