A 15-gallon fill-up of regular gasoline now costs $64.35, based on AAA’s $4.29-a-gallon national average for Oct. 26, 2026. The same day, Argaam reported that Saudi Arabia will store crude oil in Singapore from the second half of 2027.
Why Saudi Arabia Is Storing Crude in Singapore
Argaam reported on Oct. 26, 2026, that Saudi Arabia will store crude oil in Singapore starting in the second half of 2027. The report gives no further detail on the parties involved, the reasons for the plan or how it will work.
Argaam’s report gives no storage volume, cost or price figure for the arrangement. It does not link the plan to global oil prices or to US pump prices. Those prices are reported separately for the same period, and no source ties the two together.
From the Brent Benchmark to Your Gas Tank
Brent crude futures traded at $109.61 a barrel on Oct. 26, 2026, according to Yahoo Finance market data for ICE Brent futures. That is up 0.1% from $109.55 on Oct. 19, 2026. Brent is a global crude benchmark, and crude is the main raw material for the gasoline and diesel US drivers buy.
AAA’s national average for regular gasoline stood at $4.29 a gallon on Oct. 26, 2026, up 40.4% from $3.05 a year earlier. A week earlier it was $4.30, and a month earlier it was $4.49, AAA data show.
Diesel averaged $6.35 a gallon on Oct. 26, 2026, according to AAA. That compares with $6.32 a week earlier, $6.48 a month earlier and $3.66 a year ago, a 12-month rise of 73.4%. Diesel remains below its record of $6.5276 a gallon, set on Sept. 22, 2026, AAA data show. Trucks that haul goods to stores run on diesel, so higher diesel costs can feed into shelf prices, though the source gives no figure for that effect.
Our Math: What a Year of Pump Prices Costs a Household
Our Math: a typical 15-gallon fill-up costs 15 gallons times $4.29 a gallon, or $64.35, at AAA’s Oct. 26, 2026 average. A year ago, when the average was $3.05 a gallon, the same fill-up cost 15 times $3.05, or $45.75. The difference is $64.35 minus $45.75, or $18.60 more per fill-up. At two fill-ups a month, that is $18.60 times 2, or $37.20 a month. Over a year it is $37.20 times 12, or $446.40. This is an illustration built from AAA’s dated national averages, not a projection. It says nothing about the Singapore storage plan, which carries no price figure of its own.
What to Check This Week on Gas and Diesel
Compare your state’s average on AAA’s gas price tracker against the $4.29 national figure for Oct. 26, 2026. Watch AAA’s diesel tracker for any move toward the Sept. 22, 2026 record of $6.5276 a gallon. Also watch for Argaam or Saudi and Singapore officials to release storage details as the 2027 start date nears.
Next in the Brief: What would a jump in Brent above $110 a barrel do to the diesel costs that move freight and grocery prices?
Disclaimer: This analysis is for educational and informational purposes only and should not be construed as financial or investment advice.
