- US
gas prices are averaging nearly $5 a gallon, according to data from AAA. - That's a new all-time high and a 15% jump from just a month ago.
US
Drivers are paying $4.95 on average at the pump, a 15% jump from May. Domestic gas prices are up 62% from a year ago.
The Biden administration has struggled to reign in soaring gas prices, and the national average jumped from $4.91 to $4.95 from Tuesday to Wednesday morning. Even as Biden ordered the release of 180 million barrels of reserve of
The brunt of the price pressures are concentrated in the west, with California averaging over $6 per gallon, according to AAA. States in Midwest like Illinois are averaging $5.50 per gallon while the east is hovering at or below $5.
Prices in the
Still, the US is paying less for a gallon of gas compared to other developed global powers. Prices across the globe vary as countries tax a gallon differently, with Hong Kong facing $4