blog trackingweb statistics Gas prices approach highest level this year with just weeks…

Gas prices approach highest level this year with just weeks to go before midterms

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U.S. gas prices approached their highest level of the year Friday, after the national average rose another 3 cents overnight.

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The nationwide average price is currently $4.46 per gallon. Friday’s price sits just 10 cents below the highest level hit earlier this year, on May 21, when the national average was $4.56 per gallon.

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Gas prices are also once again within striking distance of their all-time highest level of $5.01, which was hit in June 2022, after Russia invaded Ukraine.

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Already, at least six states have average gas prices above $5. California has the highest in the nation, at $6.11 per gallon. A handful of other states, such as Michigan, Utah, and Illinois were on the cusp of hitting $5 Friday.

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Gas prices overall have risen 50% nationwide since the U.S. and Israel attacked Iran on Feb. 28.

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At the same time, the price of diesel has been registering new daily all-time highs since it first breached $6 per gallon on Sept. 11.

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The national average diesel price was $6.44 on Friday, after rising five cents overnight. The price-per-gallon of the commercial fuel has risen 71% since the start of the Iran war.

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Rising diesel prices can translate into higher…

Original source: https://www.nbcnews.com/business

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