National average price for a gallon of gas exceeds $4.10, breaking all-time record, GasBuddy says

Gas Prices
Posted at 10:15 AM, Mar 07, 2022
and last updated 2022-03-07 15:07:31-05

Gas prices in the U.S. are now higher than they've ever been, according to GasBuddy.

Patrick De Haan, an analyst for GasBuddy, tweeted Monday afternoon that the average price for a gallon of gas in the U.S. is now $4.104 per gallon, breaking the previous record of $4.103 set in 2008.

AAA, which records its own average, early Monday morning that the national average for a gallon of gas was $4.065.

Oil prices have soared in recent weeks amid Russia's invasion of Ukraine. The war involves two of the world's largest energy exporters, and talks of a NATO ban on Russian energy exports Monday sent the price per barrel to more than $130, the highest levels since 2008.

While gas prices in the U.S. have exceeded $4 a gallon, AAA says prices are already much higher in some states. The average cost per gallon now exceeds $5.30 in California and is creeping toward $4.60 in Nevada.

Missouri currently boasts the lowest gas prices in the country, though motorists there are still paying $3.62 a gallon.

Gas prices are now approaching double the price they were at this time last year. In March 2021, the average cost for a gallon of gasoline was about $2.77.

De Haan recently predicted that gas prices will continue to rise in the weeks ahead.

"We could get to $4.25, maybe $4.50 a gallon," De Haan told Scripps politics reporter Joe St. George. "It could come as early as April Fools' Day."