Advertisement

U.S. gas prices hit record highs, but hold more steady here

Hand holding gasoline nozzle for car refueling at gas station
Hand holding gasoline nozzle for car refueling at gas station(WRDW)
Published: Jun. 1, 2022 at 1:45 PM EDT
Email This Link
Share on Pinterest
Share on LinkedIn

AUGUSTA, Ga. - Millions of people across the U.S. are facing even higher gas prices.

The national average for regular gasoline jumped 5 cents Wednesday, hitting a new all-time record of $4.67 a gallon.

The jump also comes after the European Union reached a deal to ban 90% of its Russian oil imports by the end of the year.

AAA reports that seven states now average $5 a gallon or higher, including California and, more recently, Illinois.

In Georgia, we’ve got it a little easier. The average Wednesday is $4.16, up just a couple of cents over the past week. The average in Augusta is $4.14, also up 2 cents over the past week.

South Carolina prices are averaging $4.28, where they’ve stood for a week. In Aiken and Edgefield counties, drivers are paying an average of $4.30 per gallon.

Soaring gas prices are led in part by strong demand as people ramp up travel plans amid a sluggish supply.

And prices are expected to keep surging.

One analyst said he expects the national average to hit $4.75 in the next 10 days.

Copyright 2022 WRDW/WAGT. All rights reserved.