The average price for gasoline in Northeast Ohio is back up to $4 per gallon, jumping 28 cents from last week's average.

This week's average prices for gasoline in Northeast Ohio is $4.035 per gallon compared to last week's $3.756 per gallon and last year's $2.815 per gallon.

According to AAA East Central, the spike in prices is primarily due to the continued high cost of crude oil and fear of a global energy supply disruption due to Russia's invasion of Ukraine.

The cost of a barrel of crude oil continues to hover around $100.

According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 1.6 million barrels to 230.8 million barrels last week.

Gasoline demand slightly decreased from 8.87 million barrels per day to 8.74 million barrels per day. While lower gas demand typically pushes pump prices lower, fluctuating oil prices and tight gasoline supply have pushed prices higher.

Pump prices will likely continue to face upward pressure as oil prices remain above $100 per barrel.

At the close of Friday's formal trading session, West Texas Intermediate decreased by 67 cents to settle at $104.69.

While prices declined on the day due to crude demand concerns as COVID-19 lockdowns continue in China, crude prices gained earlier in the week after EIA's weekly report showed that total current supply level is approximately 16% lower than at the end of April of last year.