U.S. gas prices hit a new all-time high. See which states are paying the most
Gas prices are ticking up again across the U.S., according to the latest data from AAA. The national average price for regular gasoline hit $4.37 per gallon on Tuesday, 4 cents more than the all-time high set earlier this year in March — that’s a 17 cent jump in the past week.
“It’s really jumped in just the last month, and we kind of saw it dip a little bit, but now as we get closer to summer driving season with the increase in demand, we’re seeing that go back up,” said AAA Texas spokesperson Daniel Armbruster.
The volatility comes from the price of crude oil, which remains high at more than $100 a barrel, amid the ongoing Russia-Ukraine war. On May 7, the European Union announced a proposal to impose a gradual embargo on Russian oil. That’s already having an impact on global crude markets.
“Even though it’s Europe making those decisions, crude oil is traded globally,” Armbruster said.
Michigan, New Jersey, Connecticut, Kentucky, Indiana and Rhode Island all saw average increases of at least 19 cents per gallon in the last week alone. California, Hawaii, Nevada, Washington and Oregon are the most expensive states to fill up.
The map below shows the average price for regular gasoline in each state.
This story was originally published May 10, 2022 at 10:45 AM.