Why Is Gas Going Up July 2024. Why are they rising and is relief coming? The global oil market and seasonal trends point to more price hikes at the pump.

The national average for a gallon of regular has fallen more than 20 cents since may and is now at $3.38 — about 47 cents lower than this time a year ago. Though the national average is up 5.2 cents from a month ago, it’s still 5.8 cents per gallon lower than a year ago, according to gasbuddy.