July 3, 2022
Fargo, US 82 F

Gas Prices Surge Take National Average Above $5/Gallon

The nation’s average gas price climbed for the eighth straight week, jumping 15.7 cents from a week ago to $5.01 per gallon. The national average is up 57.1 cents from a month ago and $1.94 per gallon higher than a year ago. The national average diesel price increased 13.8 cents in the last week and stands at $5.77 per gallon. Last week saw the national average reaching the $5 per gallon mark, with the most common gas price at $4.99 per gallon, up 50 cents from last week. GasBuddy’s Patrick De Haan says, “For now, the upward momentum may slow down, but we are still just one potential jolt to supply away from heading even higher.” De Haan adds, “Should the rise in price finally start to slow demand’s rise, we could see some breathing room, but for now, it seems like Americans are proving resilient to record highs.”

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