Biden’s policies punish consumers with ‘Highest ever recorded’: Average gas prices surpass $5 per gallon in US.

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The pain at the pump continues to tick upward as the national average price of gas surpassed the $5 mark for the first time on Thursday, according to GasBuddy.com.

The average cost for a gallon of regular gas Thursday reached $5.17 in D.C., compared to $4.79 per gallon in Virginia and $4.99 per gallon in Maryland, AAA reported.

The milestone comes behind months of gas price increases across the country.

 ‘It could get even uglier’: Record-high gas prices are expected to climb through summer, expert says

The upward trend was accelerated by the rise in seasonal demand amid pandemic-related supply constraints.

GasBuddy compiled fuel price records set so far in 2022:

  • March 5: National average price of gas breaks $4/gal for the first time since 2008
  • March 7: National average price of gas breaks previous record; $4.10/gal
  • March 10: Average price of gasoline peaks at $4.35/gal
  • April 29: Average diesel prices reach new all-time high; $5.16/gal
  • May 5: March record broken; prices rise above $4.35/gal

And don’t expect prices to come crashing down anytime soon.

GasBuddy’s Head of Petroleum Analysis Patrick De Haan said he believes prices will continue to rise through the summer months. With the Atlantic Hurricane season getting underway, the U.S. could be in for even bigger jumps if the right storm hits.

“And if we see a refinery outage, a refinery snag or a major hurricane that shuts things down, it could get even uglier,” De Haan told KOKH staff.

De Haan said there are several factors at play, including Russia’s war in Ukraine, leading to a boycott of one of the world’s largest oil exporters. He also said oil production still hasn’t reached pre-pandemic levels, nor has refinery capacity to turn that oil into gas.

But one of the biggest reasons, De Haan told KOKH, is high prices simply haven’t stopped Americans from hitting the road.

People are still fueling up, despite these high prices,” said Andrew Gross, AAA spokesperson. “At some point, drivers may change their daily driving habits or lifestyle due to these high prices, but we are not there yet.

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