No let up in sight.
The national average for a gallon of regular gasoline is up 16 cents from last week at $4.43 and more than one dollar higher than it was a year ago. And the price for a gallon in Gainesville has increased eight cents since last Monday. The Georgia average? $4.09. An eight cent-a-gallon increase over a week’s time.
AAA says crude oil remains high, averaging $100 per barrel amid continued volatility in the Strait of Hormuz. Gas prices are back to what they were earlier this year during the spring, and the national average is inching closer to this year’s record high of $4.56 set on May 21.
The all-time high for the national average is $5.01 set on June 14, 2022.