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National average price for a gallon of gas exceeds $4.10, breaking all-time record, GasBuddy says

Gas Prices
Posted at 9:15 AM, Mar 07, 2022

Gas prices in the U.S. are now higher than they've ever been, according to GasBuddy.

Patrick De Haan, an analyst for GasBuddy, tweeted Monday afternoon that the average price for a gallon of gas in the U.S. is now $4.104 per gallon, breaking the previous record of $4.103 set in 2008.

AAA, which records its own average, early Monday morning that the national average for a gallon of gas was $4.065.

Oil prices have soared in recent weeks amid Russia's invasion of Ukraine. The war involves two of the world's largest energy exporters, and talks of a NATO ban on Russian energy exports Monday sent the price per barrel to more than $130, the highest levels since 2008.

While gas prices in the U.S. have exceeded $4 a gallon, AAA says prices are already much higher in some states. The average cost per gallon now exceeds $5.30 in California and is creeping toward $4.60 in Nevada.

Missouri currently boasts the lowest gas prices in the country, though motorists there are still paying $3.62 a gallon.

Gas prices are now approaching double the price they were at this time last year. In March 2021, the average cost for a gallon of gasoline was about $2.77.

De Haan recently predicted that gas prices will continue to rise in the weeks ahead.

"We could get to $4.25, maybe $4.50 a gallon," De Haan told Scripps politics reporter Joe St. George. "It could come as early as April Fools' Day."