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U.S. Gas Prices Hit $4.46, Midwest Spikes Lead

5/5/2026

34 3 Full Breakdown

Summary

De Haan Highlights Surge

U.S. gasoline prices rose to $4.46 per gallon on May 4, up from $4.11 on April 27.
Patrick De Haan of GasBuddy said every state saw gains, with the sharpest spikes in Michigan, Indiana, Ohio and Illinois.
The American Petroleum Institute reported crude oil accounts for 51% of gasoline prices, while refining, distribution/marketing and taxes supply the rest.

Summary

Kellogg Urges

On-farm diesel in Michigan has risen over 30% since the end of March.
Urea fertilizer now exceeds $700 a ton, about double February’s price.
Dennis Kellogg says higher diesel and fertilizer costs will cut his bottom line.
Kellogg, representing the Michigan Farmers Union, urges Congress to pass a comprehensive farm bill for family farms.
Theresa Sisung of the Michigan Farm Bureau warns the diesel rise threatens the state’s agricultural sector.

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De Haan Highlights Surge

U.S. gasoline prices rose to $4.46 per gallon on May 4, up from $4.11 on April 27.
Patrick De Haan of GasBuddy said every state saw gains, with the sharpest spikes in Michigan, Indiana, Ohio and Illinois.
The American Petroleum Institute reported crude oil accounts for 51% of gasoline prices, while refining, distribution/marketing and taxes supply the rest.

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