Gas Prices Break Record Again, up 15 Percent in Weekly Growth

Gas Prices Break Record Again, up 15 Percent in Weekly Growth
High gas prices are displayed at a downtown Chevron station in Los Angeles, Calif., on March 7, 2022. Mario Tama/Getty Images
Naveen Athrappully
Updated:

The ongoing conflict between Ukraine and Russia has pushed up energy prices worldwide, with gasoline prices in the United States soaring to an all-time high on March 8. Critics have blamed the Biden administration’s insistence on diverting away from fossil fuels, a main contributor to the price hike.

The average price of regular unleaded gas was $4.17 per gallon on Tuesday according to data from the American Automobile Association (AAA). This is the highest recorded average retail price in history.