Gas prices are the most expensive in US history, breaking record from 2008

UStoday | Following Russia's invasion of Ukraine, the price of gas soared to a new high, surpassing a previous high set over 14 years ago.

According to AAA, the average national price for a gallon of normal gasoline reached $4.17 on Tuesday morning, the highest price ever without taking inflation into consideration. That was up from $3.61 a week ago and $4.07 on Monday.

According to AAA, the previous high was $4.11 on July 17, 2008. When adjusted for inflation, that would be roughly $5.25 today.

Diesel is approaching its all-time high of $4.84, recorded in July 2008. A gallon of diesel now costs $4.75, which is more than double what it was in October 2020.

The invasion of Ukraine by Russian armed forces is one of the key causes of growing expenditures. According to Tom Kloza, chief global analyst for the Oil Price Information Service, Russia is the world's second-largest oil producer, trailing only the United States.

According to the Associated Press, a barrel of U.S. crude oil cost $119.40 on Monday, while Brent crude, the worldwide standard, cost $123.21.

Gas prices are expected to continue to rise. The app that helps you save money on gas According to GasBuddy, prices will likely average $4.25 in May and remain above $4 until November.

"Gas prices have never been this high, nor has the rate of increase been so quick and furious in the United States." "That combination makes this situation all the more extraordinary and intense," said Patrick De Haan, head of petroleum analysis at GasBuddy, "with crippling sanctions on Russia curtailing their flow of oil, leading to a big jump in the price of all fuels: gasoline, diesel, jet fuel, and more."

In a tweet on Sunday, De Haan said the prospects of a $5 countrywide average are "pretty unlikely," but still a possibility.

California, as has been the case in the past, has the most costly gas prices in the country, with a national average of $5.44 per gallon as of Tuesday. The only state with an average price of more exceeding $5 per gallon is California.

Mono County, which borders Nevada and features the tourist mecca Mammoth Mountain, has the highest gas prices. $6.02 is the average price.

Some gas stations had prices that were roughly $2 higher than the state average. Regular gas costs more than $6 a gallon in Los Angeles and San Francisco, with some stations reaching nearly $7. According to KSBW, one station in Gorda, roughly 140 miles south of San Francisco on the coast, cost $7.59.

There are 28 states with average prices over $4 as of Tuesday morning. Only five states had an average of less than $3.80: South Dakota, Kansas, Missouri, Oklahoma, and Arkansas. Oklahoma has the lowest petrol at $3.71 a gallon.

According to AAA, these are the most costly average gas prices in the country:

California ($5.44)

Hawaii ($4.71)

Nevada ($4.67)

Oregon is a $4.58 wager.

($4.54) Washington, D.C.

($4.50) Alaska

Illinois ($4.42)

($4.36) New York

State of Connecticut ($4.35)

Pennsylvania ($4.31) is an American state.