Why gas prices are near $5 a gallon and how high they'll go - News Summed Up

Why gas prices are near $5 a gallon and how high they'll go


New York (CNN Business) Another day, another record for US gas prices. The US average for the price of a gallon of regular gas hit $4.96 according to the most recent reading from AAA Wednesday. The highest priced state remains California, with a state average of $6.39 a gallon. The statewide average rose by at least a penny in every state but Florida, where prices remained essentially unchanged. And as of Tuesday, 29% of the nation's 130,000 gas stations were already selling gas for more than $5 a gallon.


Source: CNN June 08, 2022 13:45 UTC



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