Gas prices are the most expensive in US history, breaking record from 2008
After rising dramatically following Russia’s invasion of Ukraine, the price of gas reached a record, topping a high that had stood for nearly 14 years.
As of Tuesday morning, the average national price for a gallon of regular gasoline touched $4.17, according to AAA, the highest price ever, not accounting for inflation. That was up from $4.07 on Monday and $3.61 a week earlier.
The previous high was $4.11 on July 17, 2008, according to AAA. That would come to around $5.25 today when adjusted for inflation.
The cost for diesel is nearing the record of $4.84, also set in July 2008. The price for a gallon of diesel is $4.75, more than double what it was in October 2020.
One of the main components of the rising costs is the invasion of Ukraine by Russian armed forces. Tom Kloza, chief global analyst for the Oil Price Information Service, told USA TODAY that Russia is the second-largest oil producer in the world, behind the United States.
