economy
Gas prices: Increases to $3.88 per gallon, nearly 30 cents higher than a week ago
The U.S. national average price for regular gasoline continued to soar on Thursday, reaching $3.884 per gallon. It marks a nearly 30-cent-per-gallon increase from a week ago, when the average price of a gallon of regular gas was $3.598, according to AAA.
TL;DR
- The U.S. national average price for regular gasoline is $3.884 per gallon, up almost 30 cents from last week's $3.598.
- Gas prices have been increasing since January 12, when they hit a 5-year-low of $2.79 per gallon.
- Increases have been linked to winter storms affecting fuel shipments and, more recently, military strikes against Iran.
- Over the past month, the national average has increased by nearly a dollar, from $2.929.
- All states now have average gas prices above $3.24 per gallon, compared to 43 states with prices under $3 earlier in the year.
- Oklahoma has the lowest average gas price at $3.243 per gallon, while California has the highest at $5.616 per gallon.