American drivers are living through the priciest October on record at the pump, with AAA saying Thursday that the national average of roughly $4.27 to $4.29 per gallon is poised to make October the most expensive October ever for gasoline.
The milestone follows record-setting months in August and September, and it means motorists are paying about a dollar more per gallon than they were a year ago. The surge has turned fuel costs into one of the most visible pressure points for household budgets heading into the holiday season.
Analysts point to crude oil prices nearing $100 a barrel as the driving force, with instability around the Strait of Hormuz and recent attacks in Saudi Arabia keeping markets on edge. Brent crude touched a five-month high of about $114.57 as traders weighed the risk of supply disruption.
The pain extends beyond gasoline: diesel averaged $5.75 per gallon, up sharply from $3.11 at the same time last year, raising costs across trucking and freight that eventually feed into the price of goods on store shelves.
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Bhudev Bhagaliya is an experienced and senior journalist who has carved a distinct niche for himself in the world of Hindi journalism through his profound understanding and precise writing style. With over two decades of experience in the field of journalism, he has held key responsibilities at Dainik Hindustan for 12 years and at Amar Ujala for one year. Currently, he serves as the Content Editor for the Jagrook Youth News newspaper and portal, where he plays a crucial role in ensuring the quality and credibility of the news content. Bhudev Bhagaliya consistently writes about issues that help raise awareness within society and among the younger generation.