Gas Prices Hit New Record In The United States

We have a new record on our hands, folks. After days of skyrocketing gas prices in the wake of Russia's invasion of Ukraine, the national average price for a gallon of gas is now the highest in U.S. history. It breaks a previous record that stood for 14 years.

As of this morning, the cost of a single gallon of regular gasoline in the U.S. hit $4.17, according to AAA. That's up 10 cents from just yesterday and over 50 cents from last week.

The previous "winner" was $4.11 set back on July 17, 2008.

Diesel lovers shouldn't count their blessings just yet. Even though the price for a gallon of alt-gas ($4.76) isn't at its record yet ($4.84), it's not far behind. The average price for a gallon of premium gasoline is also a fairly-insane $4.74.

We reported yesterday that prices are actually rising even faster than was first predicted. A gallon of gas actually hit $4 a day early. This, of course, is because of Russia's invasion of Ukraine, and with the ongoing conflict, it's likely that we'll continue to see rising prices.

AAA

Let's take a look at the winners and losers of national gas prices.

Here are the five highest prices for a single gallon of gas:

• California: $5.44

• Hawaii: $4.72

• Nevada: $4.67

• Oregon: $4.59

• Washington: $4.55

  Here are the five lowest prices for a single gallon of gas:

  • Oklahoma: $3.72

  • Missouri: $3.73

  • Kansas: $3.74

  • Arkansas: $4.77

  • South Dakota: $3.79

    You can expect these prices to continue to climb to infinity and beyond in the coming days, setting one record after another. President Biden is set to make a speech banning the U.S. import of Russian oil this morning that will likely result in a dramatic spike in prices. How high they'll climb, though, remains to be seen.