It may seem that gas prices have been stabilizing for the last two weeks or so, but unfortunately it seems that the price hikes are far from over.
On Monday night, the national average gas price per gallon rose about five cents to $ 4,374 on Tuesday, a record high for the country that does not appear to be slowing down any time soon.
Earlier this week, March 11 of that year set the record for the highest national average in history at $ 4.33 per gallon.
Tuesday’s average is a staggering $ 1.407 increase from the national average a year ago, by AAA.
Diesel was also seeing very high figures, with the national average of up to $ 5.55 per gallon.
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Long queues at gas stations and unprecedented high prices to fill tanks have been affecting Americans in recent months due to supply chain problems, inflation and fuel disruptions as a result of the conflict between Russia and Ukraine.
“Russian oil coming out of the world market would come at a cost, and Americans are watching it at the bomb,” the White House said in late March.
Prices seemed to stabilize temporarily (even fall) in April, when the US began to take advantage of its oil reserves to put more fuel on the market, but more than a month later, inflation appears which increases again.
In terms of individual states, New York on Tuesday hit a record high of $ 4,671 per gallon, nearly 30 cents above the national average.
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Other states with record highs on Tuesday were Illinois ($ 4,693 per gallon), Oregon ($ 4,851), Washington ($ 4,871), Idaho ($ 4.84), Colorado ($ 4,101), Montana ($ 4,226). ), Wyoming ($ 4,220), New Mexico. ($ 4,211), South Dakota ($ 4,099), Texas ($ 4,068), Iowa ($ 4,083), Wisconsin ($ 4,177), Indiana ($ 4,328), Tennessee ($ 4,125), Kentucky ($ 4,096), Virginia Western ($ 4,198), Ohio ($ 4,177), Michigan ($ 4,346), Rhode Island ($ 4,413), New Hampshire ($ 4,342), Maryland ($ 4,414), Washington DC ($ 4,711), Hawaii $ 5,299, Pennsylvania ($ 4,541), New Jersey ($ 4,490), Delaware ($ 4,404) and Massachusetts ($ 4,404) $ 4,427).
“With the cost of oil accounting for more than half the price of the pump, more expensive oil means more expensive gasoline,” AAA spokesman Andrew Gross said in a statement to NBC News. “These prices are approaching record levels in early March.”
With Memorial Day and summer travel season just around the corner, it’s clear that fuel demand will do anything but stagnate, let alone slow down.
As of late Tuesday afternoon, WTI oil was estimated at 99.58 per barrel.