Economy & Business, States

Gas Prices Reach Historic Highs

The national average price for a gallon of gas has skyrocketed to $4.00 – the highest national average in nearly 14 years.

The $4.00 national average is a 40 cent jump from last week and a 57 cent increase from just a month ago, AAA reports. On March 6 of last year, prices averaged $2.76 per gallon nationally. The national average is the highest it has been since July of 2008, CNBC reports. That month, gas price averages maxed out at 4.11 cents, which is the all-time record.

States on the West Coast and in the Northeast are seeing the highest prices in the country. On Sunday, AAA pinned California’s average gas price at $5.28 per gallon, while neighboring states, including Washington, Oregon, and Nevada, all had average prices of over $4.40 a gallon. Additionally, all northeast states – from Maryland and Delaware up through Maine – had averages exceeding $4.00 a gallon, according to AAA. Read more…

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