Tuesday, July 5, 2022
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Tuesday, July 5, 2022

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HomeBreaking NewsGas Prices Hit New Record High in U.S.

Gas Prices Hit New Record High in U.S.

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In California, the average price of a gallon of gasoline is $5.98, the highest in the U.S.

Gasoline prices hit a new high in the U.S. on Monday, with the average cost of a gallon of regular gas at $4.48.

That’s an increase of 15 cents a gallon in the past week and 40 cents over this time last month. A year ago, gas prices on average were $3.04 a gallon, $1.44 cheaper.

The average price for a gallon of diesel fuel is at $5.57 a gallon, also a record high. Diesel fuel is used by truckers who transport goods across the country, contributing to 40-year-high inflation that’s sending the prices of groceries and other commodities significantly higher.

In California, the average price of a gallon of gasoline is $5.98, the highest in the U.S.

President Joe Biden has attempted to blame the rising cost of gasoline on Russia’s invasion of Ukraine, but prices began elevating shortly after he took office, when he canceled new oil and gas leases on federal lands and placed new restrictions on the industry.

Just last week, Biden canceled three pending oil and gas drilling leases in Alaska and the Gulf of Mexico.

By Dan McCaleb The Center Square
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Reposted with permission

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