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Tuesday, 24 May 2022 10:05

Gas Prices Hit Record High Every Day for Past 2 Weeks

Written by Casey Harper, The Center Square

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Gas prices have soared to new heights in May with the price of unleaded regular gas hitting a record high every day for the past two weeks, as of May 24.

With Memorial Day weekend approaching, motorists face steep costs if they plan to travel.

 

According to AAA, the national average regular unleaded gas price May 24 came in at $4.60, a record high. Diesel gasoline is at $5.55 per gallon, just below the record set the week before.

 

“The national average for a gallon of gas has not fallen for nearly a month. Gasoline has either remained flat or risen every day since April 24 and has set a new record daily since May 10,” the group said. “That was the day gas eclipsed the previous record high of $4.33, set earlier this year on March 11. The national average for a gallon of gasoline is now $4.59 and all 50 states are above $4 per gallon.”

 

In California, the average price of a gallon of gasoline was $6.07 on May 24, highest in the U.S. Motorists in the states of Hawaii ($5.40 a gallon), Nevada ($5.25), Washington ($5.21), Alaska ($5.19) and Oregon ($5.16) are paying more than $5 a gallon, on average.

 

In the Midwest, Illinois stands apart with gas at an average of $4.97 a gallon. Motorist's in Illinois neighbors Iowa and Missouri are paying $4.16 a gallon.

 

These prices have been a pain point for Americans, many of whom are struggling to make ends meet. The rise has also drawn fresh criticism for the Biden administration’s energy policies, which include stopping new oil leases and pipeline development.

 

“They’re causing you pain at the pump because it’s all part of their radical agenda,” said Republican Whip Rep. Steve Scalise, R-LA.

 

The Russian invasion of Ukraine helped propel the rise of prices, but energy prices had already been on a significant rise long before the February invasion.

 

The Bureau of Labor Statistics tracks energy prices as part of inflation and has reported a steady rise since before the inflation. The most recent federal data on the consumer price index, a leading measure of inflation, showed...


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