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By: Real America News Updated 05 Sea 2022, 15: 22 pm EST
The price of gasoline in the United States continues to set records rises after a decrease in the national supply of the fuel and an increase in demand amid the invasion of Ukraine by Russia.
Only this Friday had the highest daily increase since 2016, according to data from the Association Automovilística Americana (AAA).
The association registered that, from Thursday to Friday, there was an increase of 04 cents, and, throughout the week, the price rose 23 cents despite government efforts to control it.
The average price of a regular gallon of gasoline increased to $3.84 dollars, which rose steadily during the week from $3.61 dollars on Monday, according to AAA data.
Compared to last year, at this same time, prices went up $1.08 and they are getting closer to an average price of $4 dollars per gallon.
The last time the national average price of a gallon of regular gasoline reached that mark was in 2008, when prices rose to $4.11, according to the AAA.
In California, the price of gasoline reaches $5 dollars
One of the states hardest hit by this increase is California. Its average price for a gallon of unleaded gasoline has already exceeded $5 dollars, making it the first state where this happens, according to AAA.
The price was $5. dollars on Friday, 13 cents more than the previous day. A month ago, the price was $4.66 and a year ago, it was $3.71.
In Sacramento, Friday also set a new record with a $5 gas cost.03 Dollars.
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The records were also extended to Yolo, Yuba City, Modesto, Stockton, Lodi counties and other regions of the state.
Even higher prices in the coming months
Analysts say that the situation in Ukraine, coupled with the shortage of oil supplies around the world and increased demand, is driving up oil and gas prices months into the peak summer driving season.
They say that speculation can be wrong, but economic indicators point to higher prices “during the rest of the winter and into spring”.
This week, the United States and other countries agreed to release 60 million barrels of crude from reserves to stabilize supplies, but failed to quell anxiety over Russia’s attack on Ukraine as oil prices continued to rise.
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