• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
National Average for Gallon of a Gas Rises More Than 20 Cents in 1 Week Amid Russia-Ukraine Conflict

National Average Price of Gas Hits ‘All-Time’ Record High

March 7, 2022
FBI Probing ‘Targeted Terror Attack’ In Colorado

FBI Probing ‘Targeted Terror Attack’ In Colorado

June 1, 2025
VANESSA BATTAGLIA: Hegseth Is Right To Demand Afghanistan Withdrawal Accountability

VANESSA BATTAGLIA: Hegseth Is Right To Demand Afghanistan Withdrawal Accountability

June 1, 2025
LEIF LARSON: We Can’t Let Microsoft Unfairly Dominate The Tech Marketplace

LEIF LARSON: We Can’t Let Microsoft Unfairly Dominate The Tech Marketplace

June 1, 2025
STEVE MILLOY: Trump To Revive The Nuclear Power Industry

STEVE MILLOY: Trump To Revive The Nuclear Power Industry

June 1, 2025
Nonprofit Funded By Chinese Gov’t-Linked Entities Backs Blue State’s ‘Unconstitutional’ Climate Law

Nonprofit Funded By Chinese Gov’t-Linked Entities Backs Blue State’s ‘Unconstitutional’ Climate Law

May 31, 2025
Why On-And-Off Voters Who Backed Trump May Be GOP’s Midterm Silver Bullet

Why On-And-Off Voters Who Backed Trump May Be GOP’s Midterm Silver Bullet

May 31, 2025
MICHAEL LUCCI: US Multinationals Must Exit China

MICHAEL LUCCI: US Multinationals Must Exit China

May 31, 2025
CASEY RYAN: Loudoun County Is Back In The Election Year Headlines Again

CASEY RYAN: Loudoun County Is Back In The Election Year Headlines Again

May 31, 2025
DAVID BLACKMON: Did Trump And Hochul Just Swap An Offshore Wind Farm For A Pipeline?

DAVID BLACKMON: Did Trump And Hochul Just Swap An Offshore Wind Farm For A Pipeline?

May 31, 2025
Father Of DJ Daniel Gives Heartbreaking Health Update About Son

Father Of DJ Daniel Gives Heartbreaking Health Update About Son

May 30, 2025
Appeals Court Blocks Trump’s Push For Mass Federal Firings

Appeals Court Blocks Trump’s Push For Mass Federal Firings

May 30, 2025
Musk Leaves DOGE With a Black Eye — Literally 

Musk Leaves DOGE With a Black Eye — Literally 

May 30, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Sunday, June 1, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

National Average Price of Gas Hits ‘All-Time’ Record High

by Bradley Cortright
March 7, 2022 at 4:02 pm
in News
250 2
0
National Average for Gallon of a Gas Rises More Than 20 Cents in 1 Week Amid Russia-Ukraine Conflict

BELVIDERE, ILLINOIS - MARCH 03: Gas prices are displayed on a pump at a gas station on March 03, 2022 in Belvidere, Illinois. Increasing demand and dwindling supplies coupled with global supply uncertainty driven by the war in Ukraine have driven gas prices over $4-per-gallon in many parts of the country. (Photo by Scott Olson/Getty Images)

491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The average price for a gallon of gas national has hit a new record high amid the ongoing conflict in Ukraine.

Patrick De Haan, the head of petroleum analysis at GasBuddy, tweeted on Monday afternoon, “According to GasBuddy data, the US national average has JUST set a new all-time record: $4.104/gallon, eclipsing 2008’s record of $4.103/gal.”

“The higher prices this time will likely stay around far longer,” he added.

In a press release on Monday, De Haan said, “Americans have never seen gasoline prices this high, nor have we seen the pace of increases so fast and furious. That combination makes this situation all the more remarkable and intense, with crippling sanctions on Russia curbing their flow of oil, leading to the massive spike in the price of all fuels: gasoline, diesel, jet fuel, and more.”

“It’s a dire situation and won’t improve any time soon. The high prices are likely to stick around for not days or weeks, like they did in 2008, but months,” he added.

He also predicted that the yearly national average will set a new record high.

Additionally, GasBuddy reports, “The national average is seeing its largest ever 7 day spike: 49.1 cents per gallon, eclipsing the 49.0 cent weekly rise after Hurricane Katrina in 2005. Many gas price records have been broken due to Russia’s war on Ukraine, which has pushed Western countries to impose severe sanctions on Russia, curbing Russian exports of crude oil to the global market. 

The new record high for the national average comes after the price for a gallon of gas rose above $4 for the first time since 2008, as IJR reported.

De Haan told the New York Post that while the U.S. has not placed sanctions on Russia’s energy sector, “Previous sanctions on Russia’s banking and shipping industries [are] essentially putting a chokehold on Russian oil exports, which have plummeted.”

“Certainly those existing sanctions are having a significant impact, and that’s why oil [has] continued to go up in recent days,” he added.

Tags: Gas PricespoliticsRussiaUkraine
Share196Tweet123
Bradley Cortright

Bradley Cortright

IJR, Senior Writer He's written for Independent Journal Review since 2019.

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th