Kansas City, Missouri 2022-05-20 07:57:42 –
Gas prices hit record highs for 11 consecutive days. According to AAA, the average of one gallon of regular gas rose one cent overnight and then reached a record high of $ 4.59 on Friday, according to AAA.
Gas increased 16 cents last week, 48 cents last month, and $ 1.55 last year, according to AAA. This set of records surpassed the previous US record of $ 4.33 set on March 11.
AAA usually states that gas prices have fallen between Spring Holidays and Memorial Day, but the United States hasn’t seen it this year.
“The high cost of petroleum, the main component of gasoline, is pushing up these high pump prices for consumers,” said AAA spokesman Andrew Gross. “In the calm from Spring Holidays to Memorial Day, even the seasonal decline in demand for gasoline usually helps lower prices, but this year it has no effect.”
Some states, such as Oregon, Alaska, Nevada, Washington, and Hawaii, pay an average of $ 5 or more per gallon, and California pays more than $ 6 per gallon. Meanwhile, average gas prices of over $ 4 per gallon have been reported in all 50 states.
Crude oil costs rose sharply from December 2021 to March 2022, rising from a low of $ 65 a barrel to a high of $ 119.
The puncture wounds that Americans feel at gas stations are shared around the world. For example, the Canadian Automobile Association reports that gas reached $ 5.92 per gallon on Thursday. The UK reports the equivalent of $ 7.93 a gallon.
Diesel fuel continues to break records, reaching $ 5.57 per gallon on Wednesday.
Record-high gas prices reported for 11th day in a row Source link Record-high gas prices reported for 11th day in a row