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Average U.S. Gasoline Cost Jumps 22% in 2 Weeks to Record $4.43

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The average U.S. gas price increased by 79 cents in the last two weeks, reaching a record $4.43 each gallon (3.8 liters) in the wake of Russia’s invasion of Ukraine pushing up already-high prices.

Analyst Trilby Lundberg from Lundberg Survey said Sunday the new price was 32 cents higher than July 2008’s $4.11 all-time high. However, it’s still quite away from the inflation-adjusted record of $5.24 for a gallon.

The cost at the pump is $1.54 more than one year ago.

Lundberg stated that gas prices will likely remain high in the short term because crude oil prices are rising in response to global supply worries due to Russia’s invasion of Ukraine.

In the United States, the highest average price for regular-grade gas is found in the San Francisco Bay Area at $5.79 per gallon. The lowest price is in Tulsa, Oklahoma, at $3.80 per gallon.

According to the survey, the average cost of diesel has also risen by $1.18 in two weeks to $5.20 per gallon. Diesel is $2.11 higher than a year earlier.

This story originally appeared on the Associated Press News.

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Modern Campground

Modern Campground

Modern Campground is the most innovative news source in the Outdoor Hospitality industry. We provide global news coverage for RV Park and Campground owners, operators, managers, and their team members.
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Hi, you might find this article from Modern Campground interesting: Average U.S. Gasoline Cost Jumps 22% in 2 Weeks to Record .43! This is the link: https://moderncampground.com/usa/average-u-s-gasoline-cost-jumps-22-in-2-weeks-to-record-4-43/