HomeBudget & Tax NewsAverage U.S. Gas Price Exceeds $4 Per Gallon

Average U.S. Gas Price Exceeds $4 Per Gallon

The national average gas price in the U.S. exceeded $4 per gallon Saturday.

The current average is $4.009 for regular unleaded gas, an increase from $2.76 a year ago, according to AAA. Diesel and premium have both exceeded $4.50 per gallon. A year ago, they hovered around $2.00 – $3.00 per gallon, AAA calculated.

Images posted to social media show that in places like Beverly Hills, an affluent neighborhood in Los Angeles, California, gas prices are upwards of $6.10 and $7.20 per gallon at 76 stations. Another photo showed a Chevron station in Downtown Los Angeles where prices are all just under $7 per gallon, the lowest of which was $6.95.

The highest recorded average price for regular unleaded gas was $4.114 in July 2008 and $4.845 for diesel in the same month, AAA continued.

Gas prices jumped $0.11 cents Friday and another $0.08 cents Saturday, the highest hike in prices since Hurricane Katrina in 2005, CNN Business reported(RELATED: Psaki Says Higher Gas Prices Show Need For Green Transition)

The average American household uses roughly 90 gallons of gas per month, so with a $1.17 increase since 2021’s gas price of $2.75, Americans are spending an extra $105.50 a month, or $1,300 a year, CNN continued. Some outlets like CBS have suggested that the recent hikes are due to a limit on Russian oil imports.

Originally published by The Daily Caller. Republished with permission. Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.

 

Kay Smythe
Kay Smythe
Kay Smythe is a reporter for The Daily Caller.

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