After rising dramatically following Russia's invasion of Ukraine, the price of gas reached a record, topping a high that had stood for nearly 14 years. Show
As of Tuesday morning, the average national price for a gallon of regular gasoline touched $4.17, according to AAA, the highest price ever, not accounting for inflation. That was up from $4.07 on Monday and $3.61 a week earlier. The previous high was $4.11 on July 17, 2008, according to AAA. That would come to around $5.25 today when adjusted for inflation. The cost for diesel is nearing the record of $4.84, also set in July 2008. The price for a gallon of diesel is $4.75, more than double what it was in October 2020. PRICES CONTINUE TO RISE: Latest update shows another record set on March 9 One of the main components of the rising costs is the invasion of Ukraine by Russian armed forces. Tom Kloza, chief global analyst for the Oil Price Information Service, told USA TODAY that Russia is the second-largest oil producer in the world, behind the United States. Your questions answered: Why are gas prices rising so quickly? How high are they expected to get? 'Be prepared for months of high prices': How to save money as gas prices smash records For subscribers: Are oil and gas companies price gouging consumers at the pump? The Associated Press reported a barrel of U.S. crude oil cost $119.40 per barrel, and Brent crude, the international standard, cost $123.21 per barrel on Monday. Gas prices are likely to keep rising. The fuel-savings app GasBuddy projects prices will probably average $4.25 in May and stay over $4 until November. “Americans have never seen gasoline prices this high, nor have we seen the pace of increases so fast and furious. That combination makes this situation all the more remarkable and intense, with crippling sanctions on Russia curbing their flow of oil, leading to the massive spike in the price of all fuels: gasoline, diesel, jet fuel and more," Patrick De Haan, head of petroleum analysis at GasBuddy, said in a statement Monday. De Haan said in a tweet Sunday the chances of a $5 nationwide average are "somewhat remote" but remain a small possibility. Most expensive gas in the USAAs is historically the case, California has the most expensive prices in the country, averaging $5.44 a gallon as of Tuesday. The Golden State is the only one to average more than $5 a gallon. The most expensive county for gas is Mono County, which borders Nevada and includes the tourist destination Mammoth Mountain. The average price is $6.02. Some gas locations reported prices about $2 over the state average. Stations in Los Angeles and San Francisco sell regular gas for more than $6 per gallon, some reaching nearly $7. In the city of Gorda, about 140 miles south of San Francisco on the coast, one station charged $7.59, KSBW reported. As of Tuesday morning, 28 states have average prices over $4. Only five states – South Dakota, Kansas, Missouri, Oklahoma and Arkansas – averaged less than $3.80. The cheapest state to get gas is Oklahoma at $3.71. Here are the most expensive average costs of gas per gallon in the country, per AAA:
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On September 7, 2022, the price of regular gasoline was highest in Hawaii at around 5.3 U.S. dollars per gallon. U.S.
gas prices increased significantly as a result of the Russian invasion of Ukraine in February 2022. The war led to an increase in crude oil prices and market uncertainty, resulting in gas price inflation. Weekly retail prices of regular gasoline in the United States as of September 7, 2022, by state (in U.S. dollars per gallon)
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Access to this and all other statistics on 80,000 topics from $468 / Year Source More information Survey time period as of September 7, 2022 Supplementary notes Figures have been rounded. Statista Accounts: Access All Statistics. Starting from $468 / Year Basic Account Get to know the platform You only have access to basic statistics. Starter Account The ideal entry-level account for individual users
$59 $39 / Month * in the first 12 months Professional Account Full access Corporate solution including all features. * Prices do not include sales tax. Statistics on Gasoline and diesel market in the U.S.Overview 5
Supply 2
Demand 5
Trade 4
Prices 7
Further related statistics 17
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