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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHere's how much Americans are paying for gas as oil prices spike
Gasoline prices in the U.S. continued climbing on Monday after the U.S.-Israeli war with Iran temporarily pushed oil prices above $100 per barrel, the highest since 2022.
The average national cost of gas is now $3.48 per gallon, up 48 cents since last week and 58 cents from a month ago, according to data from AAA. That remains considerably lower than during the pandemic, when a disruption in oil supplies pushed the cost of regular gas up to $5.02.
Prices are currently highest in California, where drivers were paying an average of $5.20 per gallon on Monday morning, and in Washington state, where gas hit $4.63 per gallon. Kansas has the country's lowest average price, at $2.92 for a gallon of regular.
West Texas Intermediate (WTI), the U.S. benchmark, and Brent crude, the international benchmark, both jumped to nearly $120 a barrel early Monday. But WTI retreated to settle at $94.77 and then sank below $85 in the afternoon. Brent crude pulled back to settle at $98.96 and then continued dropping toward $95.
https://finance.yahoo.com/news/heres-much-americans-paying-gas-161322697.html
Shellback Squid
(10,054 posts)Ai: Gas prices experienced a historic, sharp decline during the beginning of the COVID-19 pandemic in early 2020, driven by a massive, immediate drop in demand as lockdowns took effect worldwide
. The national average in the United States plummeted, falling below $2.00 a gallon in many states, with some areas seeing prices dip under $1 a gallon in April 2020.
WarGamer
(18,517 posts)hlthe2b
(113,649 posts)If Costco had been closer, I would have gone there: $3.16
Just filled up an hour ago and all prices are for regular gas.
Jerry2144
(3,255 posts)He got it again today. Paid 4.78 per gallon at Sams here in Las Vegas.
I drive an EV and my wife a plug-in hybrid. I havent paid any attention to gas prices and didnt notice that jump until he said so
Deuxcents
(26,504 posts)chicoescuela
(3,007 posts)cachukis
(3,864 posts)Paid $2.68 last week.