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U.S. Pump Prices Hit Record High in Fresh Challenge to Biden

  • Average prices are now $4.173 a gallon, squeezing households
  • Record high futures indicate pump prices may rise even more
Bloomberg business news
Gas Prices Top $6 Per Gallon in California
Updated on

U.S. drivers are now paying more for gasoline than at any other time in history as demand surges and the war in Ukraine threatens global oil supplies.

Average pump prices in the U.S. are now $4.173 per gallon, the highest level in records going back to 2000, according to auto club AAA. Government data going back to 1990 show prices have never been higher than they are now. In California, the most expensive U.S. state for drivers, prices have surged to $5.444 a gallon.