The US set a new record for gas prices this week when the average cost at the pumps topped $4 a gallon in all 50 states for the first time ever.
The milestone was met Tuesday after Georgia, Kansas and Oklahoma became the last three states to surpass the $4 per gallon mark, according to a new report from AAA auto club.
The national average reached $4.52 a gallon, up 44 cents from a month ago and nearly $1.50 from a year ago. The most expensive prices are at California gas stations, which sell regular gas at a whopping $6.02 a gallon on average, according to AAA data.. The statewide average rose nearly a whole quarter in just a week to about $4.81 per gallon for regular.
“The high cost of oil, the key ingredient in gasoline, is driving these high pump prices for consumers,” AAA spokesperson Andrew Gross said. “Even the annual seasonal demand dip for gasoline during the lull between spring break and Memorial Day, which would normally help lower prices, is having no effect this year.”Bloomberg via Getty Images
Inflation paired with the Russian invasion of Ukraine and its economic fallout have slammed global energy markets, costing car owners at the pumps. from the strategic reserve, but that measure has had little sustained impact on prices.Share this article:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The average gas price is above $4 in every state. How long will they continue to rise?Gas prices are continuing break records across the country. Here's what to know about the cost at the pump.
Read more »
Gas prices hit $4 in all 50 states for the first time, national average reaches record highThe average gallon of gas now tops $4 a gallon in all 50 states for the first time ever, according to the auto club AAA.
Read more »
California's Gas Average Tops $6 Per Gallon as Prices Across the U.S. SurgeCalifornia’s state average for a gallon of gas hit a record above $6.
Read more »
House Democrats pump the brakes on gas price gouging bill over lack of supportLegislation by Democrats that would expand the Federal Trade Commission's powers to investigate whether Big Oil is gouging consumers at the pump hit a snag in the House on Monday evening due to a lack of votes in the full chamber.
Read more »
Average gas price hits new high in WashingtonAs of May 17, the average cost for a gallon of gas in Washington is $5.095, a new highest recorded average price and the fourth-highest in the nation.
Read more »
Average San Diego County gas price nears record high, increasing to $5.997 per gallon -SAN DIEGO (KUSI) – The average price of a gallon of self-serve regular gasoline in San Diego County moved to within 2.1 cents of the record high Tuesday, increasing 3.9 cents to $5.997. The average price has risen 14 of the past 15 days, increasing 21.8 cents, including nine-tenths of a cent Monday, according to figures from the AAA and...
Read more »