economy
Gas prices: Over $4 per gallon, highest since 2022
The national average price for regular gas continued its upward trend on Tuesday, rising to $4.018 per gallon on the last day of March, according to AAA. It is highest gas prices have been since August 2022, after increasing by over one dollar per gallon in the last month.
TL;DR
- The national average price for regular gas rose to $4.018 per gallon on March 31.
- This is the highest gas price since August 2022, with an increase of over $1 per gallon in the past month.
- Initial price increases were linked to winter storms affecting fuel shipments.
- The military operation "Epic Fury" with Israel against Iran has caused significant fluctuation in the global oil market and prices.
- Current gas prices are higher than those during the previous administration and the last two years of the prior one.
- Gas prices continue to vary by region regardless of presidential administrations.