Gas prices in the United States have risen to a record $4.67 a gallon on average nationwide, with prices jumping 48 cents in May alone, according to The Guardian. AAAas one Los Angeles gas station charges more than $8 a gallon.
States like California and New York are seeing higher-than-usual prices, with a gallon of gasoline costing between $4.88 and $6.19, with the downtown Los Angeles Chevron station costing $8.05 a gallon.
For the first time in history, the average price exceeded $4.00 in all 50 states.
A customer at the station on Alameda Street, who was visiting the city from Florida, looked disappointed when he saw his bill.
$140 to fill it up in the truck. This is the crazy king,” he told the locals Fox station.
In a statement regarding the exorbitant price at the gas station, Chevron said, “This station, along with the majority of our California-branded stations, are owned by independent businessmen who make their own decisions about the price to be charged at their stations.” ”
A Chevron gas station on Alameda Street, downtown Los Angeles, is charging more than $8 a gallon as gas prices skyrocket across the United States.
The national average for gas is $4.67 a gallon, with a national high of $6.19 in California.
A customer at a Los Angeles gas station called his bill “f**king crazy,” as Chevron said prices are set by station owners, not the company
The company added that prices in California are among the highest in the country due to a wide range of factors, including: “Competitive conditions in the market, the high cost of producing gasoline according to the specifications required by the California Air Resources Board, and costs. Associated with fuel distribution, local, state, and federal taxes, carbon compliance costs in California, recent inflationary pressures, and the fixed costs of doing business.
A Chevron gas station in downtown Los Angeles did not immediately return a DailyMail.com request for comment.
The gas station could face calls from the California Attorney General’s office, which is investigating a business selling gas at above-average prices after vowing to crack down on illegal price-metering in the state.
Seven states, including Illinois now, are above $5, with New York and Arizona just pennies away from the $5 mark.
Kentucky, Tennessee, Georgia and many other states are better off with gas prices that cost less than $4.50. Georgia is lowest at $4.16 a gallon. Colorado sits around $4.30.
On average, consumers can expect to pay 32 percent more than the day before Russia invaded Ukraine. It is also 44 cents higher than the day President Joe Biden, 79, announced the largest oil release in late March.
Gas prices have increased dramatically since 2019. Gas has increased by $1.57 over the past year on average
California remains the highest on the market averaging $6.19 a gallon (Photo: California Gas Station)
Lipow Oil Associates President Andy Lipow said the national average could reach $4.75 in the next 10 days, CNN mentioned.
The national average a year ago was $3.04, $1 less than the current price.
Among the states that saw the biggest price increases were Wisconsin, Colorado and California, which all rose by 10 cents or more.
California and Hawaii remain some of the most expensive markets in the country, with Aloha trailing behind the Golden State at $5.43 a gallon on average.
Prices were recovering from the pandemic when stay-at-home orders and business closures slashed demand for gasoline. Shortages of supplies led to a gas shortage last summer, sending gas prices in the United States to their highest level in seven years.
Gas prices continue to rise along with oil prices. Brent crude oil rose 1 percent on Tuesday and rose another 0.02 percent on Wednesday. It is creeping back up to the highest prices of the past three months.
The percentage rose after Europe said it would phase out 90 percent of Russian oil by the end of the year as the war in Ukraine dragged on.
AAA reports that the price of crude oil is now over $115 a barrel due to “fears of more global supply constraints” since the European deal.
Another reason gas prices continue to rise is the upcoming summer travel season and the “pent-up desire to travel” since the pandemic shut down many vacationers’ plans over the past couple of years.
However, a recent AAA survey indicated that 67 percent of drivers would consider staying close to home if gas prices reached $4.50, which the majority of commuters are seeing now.
However, plans for poor travel are yet to be seen, according to an AAA spokesperson.
Colorado is among the states with the largest price increases, with costs rising by more than 10 cents (Photo: Colorado Gas Pump)
Los Angeles is experiencing $8. With the weekend just over, gas prices will likely drop as Americans get back to their usual routines and demand may drop
On Monday, a CNN Business expert admitted that Biden can do “very little” amid soaring gas prices despite the network’s insistence that it is a “global problem” that needs “global solutions.”
“The unfortunate reality for President Biden is that there’s not much he can do in the short term,” said CNN Business Correspondent Rachel Solomon.
She also said that President Biden has exhausted his short-term solutions to higher gas prices, including tapping into oil reserves.
She noted the start of the typhoon season and that millions in Shanghai, who are no longer in a COVID lockdown, may take advantage of the order and it won’t help an already worrying situation.
During CNN’s program Monday, Solomon said she understands that “the pain is widespread,” and sounded sympathetic but realistic: “The options look pretty bleak at this point,” she said.
There is not much any US president can do in the short term to try to bring prices down.
And she continued: “We know that the Secretary of Energy told our colleague Matt Egan last week that all options are on the table, so it remains to be seen what creative solutions they will find.”
