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HEY JOE, YOU’RE A REAL PAIN IN THE GAS: Average Price of Gas Officially Hits New All-Time High

posted by Hannity Staff - 3.07.22

The average price of gas has hit a new all-time high: $4.104 per gallon. 

According to a new report released by GasBuddy, “the national average price of gasoline in the U.S. today broke the existing record, rewriting the all-time high to today’s $4.104 per gallon. The previous all-time high was set back in 2008 at $4.103 per gallon, just ahead of the U.S. Great Recession and housing crisis.”

Diesel is also “likely to break the record of $4.846 per gallon in the next two weeks.”

“In addition to setting a new all-time high, 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,” the company’s statement continues. “On Saturday, the U.S. national average gas price surpassed $4 per gallon for the first time since 2008, and Friday’s spike alone came close to the record daily rise of 18 cents per gallon, increasing nearly 16 cents per gallon in one day. Diesel prices, however, did break records on Friday, as diesel soared to its largest daily gain ever: 22.2 cents per gallon, 6 cents higher than the previous record from 2013.”

Patrick De Haan, head of petroleum analysis at GasBuddy, said, “Americans have never seen gasoline prices this high, nor have we seen the pace of increases so fast and furious.”

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