Sun Mar 6, 2022, 02:44 PM

National average price of gas tops $4 a gallon for first time in over a decade

Source: USA Today

The national average price for gas has topped $4 a gallon for the first time in over a decade as gas costs continue to soar in the wake of Russia's invasion of Ukraine.

As of Sunday afternoon, the national average of a regular gallon of gas is $4.009, according to the American Automobile Association. That's up 8 cents from Saturday and up 40 cents from last week. The national average also comes a day earlier than what analysts expected.

The national record average for is $4.11 on July 17, 2008, according to AAA. However, Patrick De Haan, head of petroleum analysis at fuel-savings app GasBuddy, said in a tweet on Sunday the national average could reach up to $4.10 by Tuesday, adding to the possibility the all-time record is broken by the end of the week.

GasBuddy's 2022 gasoline forecast predicts the average price of gas will reach $4.25 by May, and it will remain over $4 likely until November.

Read more: https://www.msn.com/en-us/money/markets/national-average-price-of-gas-tops-dollar4-a-gallon-for-first-time-in-over-a-decade/ar-AAUH8Bt

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43 replies	Author	Time	Post
National average price of gas tops $4 a gallon for first time in over a decade (Original post)	Yo_Mama_Been_Loggin	Mar 6	OP
Something has got to give. I cannot afford these prices.	Groundhawg	Mar 6	#1
Nobody can, not long term	Warpy	Mar 6	#8
Not good (political) everyone sees it everyday and it becomes water cooler talk	underpants	Mar 6	#2
But why not? And can the DPA be used to force them?	oldsoftie	Mar 6	#5
Price freezing would not go over with several elements	underpants	Mar 6	#6
I'm not an expert, but I think price freezing on a global commodity would be illegal	Groundhawg	Mar 6	#15
Not for price freezing, forcing them to produce more.	oldsoftie	Mar 6	#20
Tell oil company CEO to increase production 25% or face jail time	MichMan	Mar 6	#21
As long as we KNOW that it CAN be increased by 25%.	oldsoftie	Mar 6	#22
Someone on MSNBC was talking about all the unused oil and gas leases in the US.	pnwmom	Mar 6	#30
But a new well takes a long time to actually produce anything.	oldsoftie	Mar 6	#33
Pure corporate greed rather than any kind of shortage.	Magoo48	Mar 6	#10
Oh I know.	underpants	Mar 6	#11
Yup.	Magoo48	Mar 6	#12
You have proof that our supplies are the same as pre-pandemic?	oldsoftie	Mar 6	#18
What I'm reading is that the fear of shortages is what's driving up prices.	Magoo48	Mar 7	#41
the Saudis/OPEC NEED to be pressured to announce a huge output increase. NOW	oldsoftie	Mar 6	#3
I checked our gas prices here in and near Albuquerque this morning and there's still	abqtommy	Mar 6	#4
A gallon of gas cost $1.19 in 1980	lapfog_1	Mar 6	#7
THIS needs to be said on the news by everyone in the administration.	oldsoftie	Mar 6	#19
I'm sure people today will feel comfort that it now cost less than in 1980	MichMan	Mar 6	#27
History repeating itself?	peppertree	Mar 6	#23
Yes!	moose65	Mar 6	#24
Good point, and 4.00 in 2008 would be equivalent to how much today? Nt	raccoon	Mar 7	#40
We and EU need to be prepared to pay much more because Embargo on russian oil is a MUST	AlexSFCA	Mar 6	#9
Come on now...America is not the only country having to deal with high gas prices.	PortTack	Mar 6	#13
That's...	kabelad	Mar 6	#14
Of course it isn't ..for those that have the option they should	PortTack	Mar 6	#17
I saw some used electrics for the same as gas	Blues Heron	Mar 6	#25
Food prices will rise as well	NickB79	Mar 6	#16
OPEC could solve this issue if they wanted to...	SKKY	Mar 6	#26
Ironically the smaller poorer oil countries benefit more from high prices	IronLionZion	Mar 6	#29
They need to do it again. Or, we can end the Trump embargo against Venezuela...	SKKY	Mar 6	#34
The type of oil produced in Venezuela isn't the best for cars and transportation.	Calista241	Mar 6	#36
A trucker convoy will solve this problem	IronLionZion	Mar 6	#28
I think we are taking the wrong line on this.	quakerboy	Mar 6	#31
Thats not gonna work. $5-6+ a gallon requires solutions not "shoulda"	oldsoftie	Mar 6	#35
gas going up requires a sacrifice and a change	quakerboy	Mar 8	#42
Looking for $8 a gallon next month? Filled up my mower and gen gas supply at $2.40, Stabil works	Shanti Shanti Shanti	Mar 6	#32
$5.78 a gallon	CountAllVotes	Mar 7	#37
Well, better get a bus schedule n/t	XiJung	Mar 7	#38
This really sucks	orangecrush	Mar 7	#39
It's price gouging	jgmiller	Mar 8	#43

Response to Yo_Mama_Been_Loggin (Original post)

Sun Mar 6, 2022, 02:45 PM

Groundhawg (229 posts)

National average price of gas tops $4 a gallon for first time in over a decade

1. Something has got to give. I cannot afford these prices.

8. Nobody can, not long term

2. Not good (political) everyone sees it everyday and it becomes water cooler talk

5. But why not? And can the DPA be used to force them?

6. Price freezing would not go over with several elements

15. I'm not an expert, but I think price freezing on a global commodity would be illegal

20. Not for price freezing, forcing them to produce more.

21. Tell oil company CEO to increase production 25% or face jail time

22. As long as we KNOW that it CAN be increased by 25%.

30. Someone on MSNBC was talking about all the unused oil and gas leases in the US.

33. But a new well takes a long time to actually produce anything.

10. Pure corporate greed rather than any kind of shortage.

11. Oh I know.

12. Yup.

18. You have proof that our supplies are the same as pre-pandemic?

41. What I'm reading is that the fear of shortages is what's driving up prices.

3. the Saudis/OPEC NEED to be pressured to announce a huge output increase. NOW

4. I checked our gas prices here in and near Albuquerque this morning and there's still

7. A gallon of gas cost $1.19 in 1980

19. THIS needs to be said on the news by everyone in the administration.

27. I'm sure people today will feel comfort that it now cost less than in 1980

23. History repeating itself?

24. Yes!

40. Good point, and 4.00 in 2008 would be equivalent to how much today? Nt

9. We and EU need to be prepared to pay much more because Embargo on russian oil is a MUST

13. Come on now...America is not the only country having to deal with high gas prices.

14. That's...

17. Of course it isn't ..for those that have the option they should

25. I saw some used electrics for the same as gas

16. Food prices will rise as well

26. OPEC could solve this issue if they wanted to...

29. Ironically the smaller poorer oil countries benefit more from high prices

34. They need to do it again. Or, we can end the Trump embargo against Venezuela...

36. The type of oil produced in Venezuela isn't the best for cars and transportation.

28. A trucker convoy will solve this problem

31. I think we are taking the wrong line on this.

35. Thats not gonna work. $5-6+ a gallon requires solutions not "shoulda"

42. gas going up requires a sacrifice and a change

32. Looking for $8 a gallon next month? Filled up my mower and gen gas supply at $2.40, Stabil works

37. $5.78 a gallon

38. Well, better get a bus schedule n/t

39. This really sucks

43. It's price gouging