Gas prices hit record average across the country, above $4 in all 50 states for the first time

Gasoline prices continued to hit record highs this week, as the average gallon of gasoline now costs at least $4 in all 50 states for the first time in history, according to the AAA car club.

Only three states — Georgia, Kansas and Oklahoma — hadn’t crossed $4 a gallon on Monday, but all saw jumps on Tuesday to reach that threshold.

Kansas still has the cheapest gas in the country at $4,006 a gallon, while California has the most expensive at $6,021 a gallon.

Gasoline prices are advertised at more than six dollars a gallon on Monday, March 7, 2022, in Los Angeles. ((AP Photo/Marcio José Sánchez) / AP Newsroom)

Even oil-rich Texas, which typically has low gas prices due to the state’s low taxes and proximity to refineries, had an average price of $4,214 a gallon on Tuesday, just shy of the national average of $4,523 a gallon. gallon.

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“The high cost of oil, the key ingredient in gasoline, is driving these high pump prices for consumers,” AAA spokesman Andrew Gross said this week. “Even the annual seasonal drop in gasoline demand during the break between spring break and Memorial Day, which would normally help push prices down, is not having an effect this year.”

West Texas Intermediate Crude, the US benchmark, stood at $113.90 a barrel on Tuesday, slightly below this year’s high of $129.44 on March 7.

burning gas well oil energy

FILE – A flare burns natural gas at an oil well on Aug. 26, 2021 in Watford City, ND. (Associated Press)

The Biden administration blamed the rise in gasoline prices on Russia’s war in Ukraine and took steps to increase domestic supply, including releasing a million barrels of oil a day from the strategic reserve for the next six months and allowing the sale of gasoline that uses a 15% ethanol blend.

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However, Biden’s Interior Department canceled an oil and gas lease sale for more than 1 million acres in Alaska last week, citing a “lack of industry interest.”

Following the cancellation, Alaska Governor Mike Dunleavy said the Biden administration has “demonstrated a lack of commitment to oil and gas development in the US.” Biden and his allies have pushed what some characterize as anti-fossil fuel policies since executive orders he imposed during his first hours in office.

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