Gas hits $4 per gallon in every US state for first time in horror new price map
The Mirror US • • business
Key Points:
- Average gas prices in the U.S. reached $4.55 per gallon on Wednesday, marking the first time all 50 states have surpassed the $4-a-gallon threshold, with California being the most expensive at $6.145 and Georgia the cheapest at $4.006.
- National diesel prices also rose to $5.652 per gallon, continuing a trend of significant increases compared to last month and last year, driven in part by the ongoing war in Iran.
- The Memorial Day travel period is expected to see a record 45 million Americans driving, with high fuel costs potentially causing some to shorten trips or adjust spending on accommodations and dining.
- Experts advise drivers to adopt fuel-saving habits such as avoiding aggressive driving and managing air conditioning use to maximize fuel efficiency amid rising prices.
- Despite high fuel costs, U.S. stock futures showed modest gains and oil prices fell slightly, while the 10-year Treasury yield remains elevated compared to pre-war levels, reflecting economic concerns linked to the conflict.