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GasBuddy: National average price of gas reaches $5

California High Gas Prices
Posted at 7:29 AM, Jun 09, 2022
and last updated 2022-06-09 10:09:46-04

GasBuddy announced Thursday morning that the national average price for one gallon of gas has reached $5, setting a new record in the U.S.

Meanwhile, AAA reports that the national average price sits at $4.97.

In all 50 states, the average price of gasoline is above $4.63, according to AAA.

California has the highest price of gas – the state average is $6.40, although some places have recorded prices as high as $9 per gallon.

This has already been a record-breaking year in terms of gas prices.

According to GasBuddy data, the national average price of gas broke the $4 per gallon threshold on March 5.

Two days later, the national average broke another record and reached $4.10 per gallon.

Another record was set in late April when diesel prices reached $5.16 per gallon.

Petroleum analysis expert at GasBuddy, Patrick De Haan warns that prices could worsen throughout the summer if refiners face unexpected issues, including major hurricanes.

AAA was reporting the average price for a gallon of gas in Montana on Thursday stood at $4.78.