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Gas Prices Surge to $3.84 per Gallon, Highest Since September 2023

KVIA••CNN Newsource
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The average price of regular gasoline in the U.S. has risen to $3.84 per gallon, marking the highest level since September 25, 2023. This increase of 5 cents occurred in just one day and represents an 86-cent hike over the past 18 days, a staggering 29% jump. Seven states are now seeing average prices of $4 or more, with California, Hawaii, and Washington exceeding $5 per gallon. Economists warn that if prices remain high, it could lead to an additional $100 billion in costs for the economy this year, impacting consumer spending and overall economic accessibility.

Key Details: • Current average gas price is $3.84 per gallon as of this Wednesday. • Price has increased by 86 cents in the last 18 days. • Seven states have gas prices at $4 or more; California, Hawaii, and Washington exceed $5. • Potential economic impact could reach $100 billion if prices remain high throughout the year.

economy gas-prices consumer-spending cost-of-living

People & Organizations

Gus FaucherThe PNC Financial Services Group

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