The new date is Jun 7, 2022.
According to the American Automobile Association data, the average price of gas in the US is now more than $5 per gallon in over a dozen states.
A customer is pumping gas at a gas station.
The average price of a gallon of gas in Maine was $5, Massachusetts was $5, and New Jersey was $5.
California, Nevada, Hawaii, Oregon, Washington, Illinois, and Alaska all have gas prices over $5.
The national average gas price is $4.919 on Tuesday, a five-cent increase from Monday and a 61% jump compared to a year ago, according to a report by the American Automobile Association.
13 states are past the $5 mark and the national average gas price is $4.943 a gallon.
Three weeks after Russia invaded Ukraine, the average price of gas in the U.S. hit a new record of $4.106 per gallon. In March, prices climbed $4.33 before stabilizing and then setting a new record of $4.374 in May. The Energy Information Administration says the U.S. has a lower gas inventory than it did in February. Andrew Gross said in a statement that driver demand has remained high despite the high prices.
The national average gas price goes over $5. Patrick De Haan, GasBuddy's head of petroleum analysis, said on Monday that he expected prices to pass the milestone by Friday, but he said on Tuesday that it might not happen. Average gas prices could reach $6.20 a gallon nationwide by August, according to a note written by the head of the global commodities strategy team at JP Morgan.
The White House said last week that President Joe Biden will go to Saudi Arabia to meet with the crown prince, a major policy reversal for Biden. Saudi Arabia will increase oil production by 648,000 barrels per day in July and August according to the Saudi-led alliance.
Gas prices seem to go up faster than they go down.
There are only bad options for bringing down oil prices.
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