U.S. gas prices hit a record high of $ 4.59, surpassing $ 6 nationwide


According to the American Automobile Association (AAA), gas prices in the United States reached record highs in the last 11 days on Friday. This is a slight increase from Thursday’s previous record high of 16 cents higher than the previous week, about 50 cents higher than a month ago and 1.5 1.55 higher than the previous year.

Read more: What are the best fuel-efficient cars, with gas prices at an all-time high?

What is perhaps more troubling is that the records come at a time of year when gas prices are generally low. “Usually at this time of year we’re a bit dull,” AAA national spokesman Andrew Gross told Fox Business. “Demand often falls between spring break and Memorial Day and we got some of it about two weeks ago, but then last week, there was actually an increase, which is very unusual. I don’t think I’ve ever seen it. “

Source: gasprices.aaa.com

According to AAA data, gas prices in all 50 states were $ 4.593 per gallon on Friday. In California, though, where the country had the highest average retail gas price, drivers were paying $ 6,064 per gallon.

The reasons for the high price are many but some of it is related to high demand, Gross said. Although tight supply is playing a role. If Russia’s aggression on Ukraine continues, he thinks drivers should expect higher prices in the next few months. This, among other reasons, is leading to instability in the oil market, pushing the price of a barrel of oil extremely high.

Source: gasprices.aaa.com

“In August, the price of a barrel of oil was about $ 64, so we are $ 40 plus more and this is creating a lot of upward pressure because you are responsible for about 60% of the oil you deliver at the pump, so the more expensive the oil, the more expensive the petrol,” Gross said.

In addition, the AAA writes that gas stations are now switching to their summer mix, which typically adds seven to 10 cents per gallon to gas prices. The event happens every year, so it’s no surprise, but we’re in the middle of it right now and it won’t end until June. Which means it’s about to be the most delusional time of the year, as well.

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