The gasoline prices in the united states rose 11% in the last week, reaching their highest since 2008, as global sanctions reduce the ability to Russia to export crude after its invasion of Ukraineas reported on Sunday by the AAA automobile club.
AAA said the average price of regular gasoline in United States it hit $4,009 a gallon on Sunday, up 11% from $3,604 a week ago and 45% higher than $2,760 a year ago.
This is the highest average for regular gasoline since July 2008, when US crude futures soared to a record high of $147.27 a barrel, he said.
The most expensive gasoline in the country is in California, at $5,288 a gallon, followed by Hawaii ($4,695), Nevada ($4,526) and Oregon ($4,466), according to AAA.
Gasoline pricing provider GasBuddy said the median price in the United States soared nearly 41 cents a gallon, topping $4 for the first time in nearly 14 years, and falling just 10 cents shy of an all-time high of $4,103 a gallon. gallon.
According GasBuddythis weekly increase is the second largest in history, after the increase of 49 cents per gallon in the week of September 3, 2005, after the passage of Hurricane Katrina along the Gulf Coast of the United States.
Total gasoline stocks in the country decreased by almost 500,000 barrels to 246 million barrels during the week ended February 25, while gasoline demand increased from 8.66 million barrels per day (bpd) to 8.74 million. bpd, according to the latest weekly data from the Energy Information Administration (EIA).
“Increased demand, coupled with reduced total supply, is contributing to higher prices, but higher crude prices continue to play a major role in driving prices higher,” AAA said in a statement. adding that “pump prices will likely continue to rise as crude prices rise.”
US crude futures gained 26% last week to $115.68, their highest close since September 2008.