National gas prices near $5 but closing in on $8 in various counties

National gas prices near $5 but closing in on $8 in various counties

The national average retail price for regular gasoline reached another record high Wednesday, sitting at $4.955 per gallon.

That’s 64 cents higher from a month ago and $1.89 higher than it was a year ago, according to AAA.

With fuel demand increasing, oil prices rising and gasoline inventories at their lowest level for this time of year since 2014, gas prices have hit new records daily and are expected to continue to increase, Andy Lipow, president of Lipow Oil Associates, previously told FOX Business.

GAS PRICES COULD REACH $5 THIS WEEK, EXPERT SAYS

The average retail price has already surged past $5 per gallon in at least 10 states with California leading the pack with an average over $6.

Ticker Security Last Change Change %
UGA UNITED STATES GASOLINE FUND LP PARTNERSHIP UNITS 78.37 +0.82 +1.06%

But that’s only the state average. Prices in certain counties within each of those states have surged to even higher levels.

FOX Business takes a look at the states and counties within that have the highest averages for consumers.

Alaska state average per gallon: $5.42

Arizona: $5.16

California: $6.37

Hawaii: $5.48

GAS PRICES CLIMB 5 CENTS OVERNIGHT, AMERICANS ARE PAYING NEARLY $2 MORE FROM JUST ONE YEAR AGO

Illinois: $5.45

Indiana: 5.15

Michigan: 5.17

Nevada: 5.52

CLICK HERE TO READ MORE ON FOX BUSINESS

Oregon: 5.46

Washington: $5.45

Leave a Comment

Your email address will not be published.