All states see average gas prices above $4 a gallon
Gas prices have surpassed $4 per gallon in all 50 states for the first time in years, driven by rising crude oil prices linked to Middle Eastern instability. The national average for gasoline has reached $4.56, with some states exceeding $5 per gallon. Economists warn that these rising fuel costs could have broader implications for the economy, potentially increasing inflation concerns.
- ▪All 50 states have recorded average gas prices above $4 per gallon for the first time since the 2022 energy shock.
- ▪California leads with an average gas price of over $6 per gallon, while Mississippi and Oklahoma have also crossed the $4 mark.
- ▪The increase in gas prices is attributed to disruptions in global oil markets and rising crude prices, which have remained above $100 per barrel.
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Gas prices have climbed above $4 per gallon in every state for the first time in years, as rising crude oil prices tied to instability in the Middle East continue to strain consumers ahead of the summer driving season. According to AAA data released on Wednesday, the national average for a gallon of regular gasoline stood at $4.56, with even traditionally low-cost states crossing the $4 threshold. Recommended Stories UAE says only economics, not politics, affected decision to leave OPEC CIA Director Ratcliffe visits Havana to discuss ‘current scenario,’ Cuba says OPEC countries cut output as demand slows due to Hormuz blockade The milestone marks the first time all 50 states have recorded average gas prices above $4 a gallon since the 2022 energy shock following Russia’s invasion of…
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