The price of gasoline in the United States is climbing once more as markets remain in turmoil following Russia's invasion of Ukraine. Additionally, the Biden administration's embargo on Russian oil has been identified as a factor causing drivers even more pain at the pump.
As of early May 12, website Gasbuddy put the price of a gallon of regular at $4.42 in the U.S. on average. That price is above the new all-time high recorded by the Energy Information Administration on May 9 ($4.33) and is also Gas Buddy's own record. The U.S. average price is only published once a week by the EIA.
Gas prices also vary widely across the United States. State-specific costs for transportation and distribution can drive up prices, like in the case of Alaska and Hawaii. State taxes also vary greatly, for example explaining the high price of gasoline in California.
States that usually offer cheap gas, however, are also feeling the price crunch right now. According to Gasbuddy, the gallon now costs upwards of $4.00 on average in Texas, while also surpassing that threshold in Missouri, South Carolina and Louisiana. In only five states, the gallon still cost below $4.00, all of them located in the Midwest or Southern United States. Among those shelling out most for gas at the moment were residents of Oregon, Washington, Nevada and the Northeastern states.
