The price of gasoline in the United States has been climbing as markets are in turmoil following Russia’s invasion of Ukraine. Additionally, the Biden administration’s embargo on Russian oil is expected to cause drivers even more pain at the pump.
As of early March 11, website Gasbuddy put the price of a gallon of regular at $4.35 in the U.S. on average. That price is above the all-time high of $4.11 recorded by the Energy Information Administration on in July 2008, just before the Great Recession caused prices to tumble. The official U.S. average for this week by the EIA is still outstanding. As of March 7, the average U.S. fuel price was put at $4.10 by the agency.
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 costs upwards of $4.00 on average in Texas as of March 11, while also surpassing that threshold in Alabama, Mississippi, Louisiana, Ohio and Wisconsin. In only eleven states, the gallon still cost below $4.00, all of them located in the Midwest or Mountain West. Among those shelling out most for gas at the moment were residents of Oregon, Washington, Nevada and the Northeastern states.
This chart shows the price of a gallon of regular gasoline by U.S. state (as of March 11, 2022, 4.30 a.m.)
