economy
Gas prices: National average up to $4.14 per gallon
Gas prices increased again on Tuesday, with the national average for regular gas rising to $4.14 per gallon, according to AAA. It’s the ninth straight day of increases at the pumps, continuing the trend of having the highest prices since 2022.
TL;DR
- National average for regular gas reached $4.14 per gallon on Tuesday.
- This is the ninth consecutive day of price increases.
- Prices are the highest since 2022.
- Initial price hikes were attributed to winter weather disrupting refinery operations.
- Prices began to soar significantly after February 28th.
- The military conflict in Iran is cited as a factor in the current price increase.
- The current prices are being compared to those during the Biden administration and are higher than during Trump's terms.
- The record high national average was over $5 per gallon in June 2022.
- A traditional price hike is expected leading up to Memorial Day Weekend.
- The West Coast has the highest gas prices, while Midwestern states have the lowest.
- Oklahoma has the lowest state average at $3.347 per gallon.
- California has the highest state average at $5.93 per gallon.
- Washington, D.C., Maryland, Delaware, and Virginia all saw price increases.
- Gas prices in Washington, D.C. were $4.289 on Tuesday.