The national average for gas prices across the United States hit a record $4.593 per gallon as of Friday morning, as Americans prepare for the the busy summer travel season.
AAA reported Thursday that Alaska (34 cents) and Connecticut (30 cents) experienced the largest average increases from a week earlier.
Four other states — Rhode Island, Washington, Massachusetts and New Hampshire — each had average increases of 28 cents. Maine and Oregon showed average increases of 26 cents and New York, 25 cents.
California’s statewide average rose above $6.
GasBuddy, which also tracks prices, warned this week that gas prices this Memorial Day, May 30, could be $1 higher than the previous record of $3.66 per gallon in 2014.
The surge in fuel costs, which started when output was reduced in the early days of the COVID-19 pandemic in 2020 and got worse after Russia invaded Ukraine on Feb. 24, has hit consumers and businesses alike.
“We did not anticipate that transportation and freight costs would soar the way they have as fuel prices have risen to all-time highs,” Target CEO Brian Cornell said Wednesday, according to CNBC.
Target is one of many retailers, along with trucking companies, that are facing diesel shortages. That has caused concerned among business leaders that fuel might have to be rationed in some parts of the country. Similarly, the airline industry shares some of those fears as the availability of jet fuel has decreased.
Meanwhile, the House of Representatives on Thursday passed a bill to prevent gasoline price gouging — without a single Republican vote in favor. The vote was 217-207. But House Republican Whip Steve Scalise wrote to Republican members that he saw no evidence of price gouging.
In early April, oil industry executives testified about high gas prices at a House Energy Committee hearing and denied they were exploiting the war in Russia to raise prices.
President Joe Biden in late March ordered the release of a million barrels of oil per day from the strategic reserve aimed at lowering prices at the pump.
AAA said earlier this week that even with gas prices at record levels nationwide, nearly 40 million people are expected to travel long distances over the coming Memorial Day weekend — which traditionally signals the start of the busier summer driving season.
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“We did not anticipate that transportation and freight costs would soar the way they have as fuel prices have risen to all-time highs,” Target CEO Brian Cornell said
But the treasonous, destructive Democrat Party and the corrupt puppet president
Joe “B”iden Obama administration did. This puppet president has bowed down to his
“Green New Deal” radicals masters.
Target is a “woke” corporation and has been for the last 2 decades. Boycott Target.
every last thing that has crippled the us economy and all the shortages and heart ache and so on is firmly
on the u.s.government.
they shut the country down over covid19 the usa has never ever shut down ever.
and when they shut it down they kept there finger pressed firmly on the lockdown and thus fauci and dorris burks and the communist at
our own cdc lied lied and lied some more.
these disasters are man made by the shadow government and big tech who own politicians and rig elections.
god help us to turn the tide or we will be sunamiied.
ANYONE Foolish enough to believe RISING PRICES OF GAS and electricity etc, WOULD NOT “hit transportation costs”, should NOT be a CEO!
One way to slow down the wild increases in fuel is to not go anywhere for vacation. This will create less demand but the tourist industry will suffer, but if Disney Crop. suffers it’s a blessing.
Let’s go Brandon! and the puppet masters.
I wonder, what happened to that arrest of that guy, who was caught PLACING lets go brandon stickers on that gas pump??