Gas prices keep going up, and the United States hit a dubious record Monday, with an average of $4.104 per gallon, while Fayetteville was below the national average.
GasBuddy announced the record Monday, beating the previous mark – set in 2008 – of $4.103 per gallon, nationwide, thanks in large part to the sanctions being placed on Russia after its invasion of Ukraine.
“Americans have never seen gasoline prices this high, nor have we seen the pace of increases so fast and furious. That combination makes this situation all the more remarkable and intense, with crippling sanctions on Russia curbing their flow of oil, leading to the massive spike in the price of all fuels: gasoline, diesel, jet fuel and more,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “It’s a dire situation and won’t improve any time soon. The high prices are likely to stick around for not days or weeks, like they did in 2008, but months. GasBuddy now expects the yearly national average to rise to its highest ever recorded.”
Around Fayetteville, the average gas prices were lower than the national average, coming in around $3.88 a gallon.
As of Monday afternoon, the lowest price shown on GasBuddy.com was for $3.69 at the Valero at 802 Bragg Blvd. The highest price in the area was $4.09 at Lucky 7 Express at 5786 Goldsboro Rd. But gas prices are changing rapidly in Fayetteville and the region.
GasBuddy said that the last seven days have been the largest spike on record.
“In addition to setting a new all-time high, the national average is seeing its largest ever 7 day spike: 49.1 cents per gallon, eclipsing the 49.0 cent weekly rise after Hurricane Katrina in 2005. Many gas price records have been broken due to Russia’s war on Ukraine, which has pushed Western countries to impose severe sanctions on Russia, curbing Russian exports of crude oil to the global market.”
Gas prices around Fayetteville were averaging about $3.88
The average gas price in Fayetteville and North Carolina is below the national average currently.
North Carolina is averaging about $4.031 as of Monday afternoon.