The average price of gas in the US hit $5 per gallon on Thursday, a grim milestone as prices surge past previous records.

U.S.-LOS ANGELES-GAS PRICE-JUMP

A gas station has high gas prices.

Xinhua News Agency via Getty Images

The average price of a gallon of gas has gone up by two cents in the last day.

California has the highest average price per gallon.

Patrick De Haan of GasBuddy warned in a statement that prices could go even higher in the weeks to come.

This is a story that is evolving.

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Gas prices seem to go up faster than they go down.