While the pandemic is still a major issue in the United States, with significantly rising case figures and a sixth wave currently underway,
The average cost of a gallon of regular-grade gas at the pump last week was $4.59, according to figures from the U.S. Energy Information Administration. This is up $0.10 from one week earlier and it is up $1.57 from the same period in 2021.
In early April, prices began a brief retreat but quickly turned around and hit record highs.
The high cost of fuel has sent airfares soaring and industry experts predict that they will continue to increase.
Russia’s invasion of Ukraine sent jet fuel prices skyrocketing starting in late March, and the market remains extremely volatile.
The price of diesel fuel has also continued to climb. A gallon of diesel cost on average $5.57 at the start of last week, up $0.47 from one month earlier and up a rather startling $2.32 from the same period in 2021.
Meanwhile, the average cost of a gallon of premium gasoline was at $5,34, and hit $5.99 in California.
Elsewhere in the country, the average cost of a gallon of regular was $4.86 in Boston, $4.525 in Chicago, $4.31 in Houston, and $4.91 in New York City.
The price for one gallon of premium gasoline, which was at $4.49 at a Shell station in Whitestone, New York, at the end of March was $5.59 on Tuesday. The price per gallon was just $3.65 at the end of 2021 at the same filling station. A gallon of regular gas cost $4.89 at the same service station, also on Tuesday.
(Photo: Accura Media Group)