NEW YORK (AP) — The national average price of gasoline in the United States exceeded $5 a gallon for the first time in history on Saturday, the AAA automobile club reported. Motorists in some parts of the country, especially California, are paying much more than that.
The average price of 5 dollars per gallon (3.8 liters), is equivalent to paying 1.31 dollars per liter.
The national average is up 19 cents in the past week, and is up $1.93 from the same time last year.
The rise is motivated by several causes.
Americans tend to drive more since the Memorial Day holiday, so the demand increases.
Additionally, the world price of oil is rising, among other reasons, due to Western sanctions imposed on Russia —one of the main producers— as a result of its invasion of Ukraine. In addition, refining capacity in the United States is limited due to the closure of some centers during the pandemic.
With all this, the cost of filling the tank will be higher for Americans, who face the highest inflation in the last 40 years.
California is paying the highest median price, $6.43 a gallon, according to AAA, which works out to $1.69 a liter. The least expensive gasoline is being paid for in Mississippi, averaging $4.52 per gtalon.
Although it is the first time that the barrier of 5 dollars has been surpassed, it would not be a record price if inflation is taken into account. Gasoline hit $4.11 a gallon in July 2008, which would be about $5.40 today.