U.S Gas Price Today (June 4, 2022): Setting New Records $6.25
|The Thorntons gas station at the intersection of Chapel Hill Road and Route 120 in McHenry|
Daily Retail Gas Prices in the U.S
As Americans returned to work after the Memorial Day weekend, average gas prices jumped to new records each day, reaching more than $6.25 on Saturday (June 4). That's up from $4.19 a month ago and $3.04 during the same period last year, according to AAA.
US Retail Gas Price is at a current level of 4.761, up from 4.694 last week and up from 3.112 one year ago. This is a change of 0.70% from last week and 51.90% from one year ago.
| U.S Daily Gas Price (June 5, 2022): Reach $10 A Gallon at California Station |
Check out the Daily Gas and Diesel Price for Today June 5, 2022 (updated) across America: Mendocino station at nearly $10 a gallon.
Which state has the highest gas prices?
Take the handful of locations where a gallon of regular fuel now costs as much as or more than the federal minimum wage of $7.25. t's a painful threshold that prices at the pump have reached at seven stations, all in California.
On average, California drivers are paying more for gas than drivers in any other state — an average of $6.21 a gallon as of June 4, compared with the national average of $4.71 a gallon, according to AAA.
Top 7 service stations in California charging more than $7.25:
→ Furnace Creek Fuel at CA-190 in Furnace Creek: $8.84 a gallon
→ Chevron at 901 N. Alameda St. in Los Angeles: $8.05 a gallon
→ Fort Dick Market at 6670 Lake Earl Dr. in Crescent City: $7.70 a gallon
→ Mobil at 8489 Beverly Blvd. in Los Angeles: $7.49
→ Shell at 453 Main St. in Bridgeport: $7.39 a gallon
→ Valero at 377 Main St. in Bridgeport: $7.35 a gallon
→ Mobil at 22 Vista Point Dr. in Lee Vining: $7.29 a gallon
|U.S Gas Daily Price June 4, 2022 - By AAA|
Which state has the lowest gas prices?
The U.S. state that has the lowest gas prices is Georgia, where the average price is just over four dollars a gallon (4.16 dollars). Previously, the lowest gas prices were in Kansas and Oklahoma.
Top 10 cheapest gas places to buy in the U.S
These are the lowest-priced places to get gas in the top 10 most populated cities in the U.S:
⇒ New York, New York (4.29 dollars): BP, 741 MONTAUK HWY, Shirley, NY.
⇒ Los Angeles, California (5.17 dollars): Shell, 1400 S Alameda St Los Angeles, CA.
⇒ Chicago, Illinois (5.15 dollars): Costco, 1430S Ashland Ave Chicago, IL 60608.
⇒ Houston, Texas (4.15 dollars): Circle K, 926 Westheimer Rd Houston, TX 77006.
⇒ Phoenix, Arizona (5.09 dollars): Circle K, 1732 W Van Buren St Phoenix, AZ.
⇒ Philadelphia, Pennsylvania (4.77 dollars): Conoco, 3349 Grays Ferry Ave Philadelphia, PA 19146.
⇒ San Antonio, Texas (4.08 dollars): H-E-B, 516 S Flores St San Antonio, TX 78204.
⇒ San Diego, California (5.87 dollars): Petromerica, 1548 F St San Diego, CA 92101.
⇒ Dallas, Texas (4.03 dollars): Valero, 7887 McCallum Blvd, Dallas, TX.
⇒ San Jose, California (5.59 dollars): Grand Gas, 899 N 13Th St San Jose, CA 95196.
Largest Weekly Increases of Gas Price
Since last Thursday, these 10 states have seen the largest increases in their averages:
Indiana (+33 cents), Ohio (+31 cents), Illinois (+30 cents), Kentucky (+26 cents), Wisconsin (+26 cents), Michigan (+24 cents), Colorado (+21 cents), New Mexico (+19 cents), Nebraska (+18 cents) and Minnesota (+18 cents).
It is forecasted that in the coming days, gas prices in the US will not be able to cool down when the price stabilization measures of the Biden administration have not been effective.
The Biden administration has released millions of barrels of oil from the nation’s strategic petroleum reserve and suspended a federal rule preventing the sale of higher ethanol blend gas to try to ease the price pressure. Democratic lawmakers have touted measures passed in this the fiscal 2023 budget to help residents amid rising inflation.
Still, the measure only stalled the increase and did not reduce the state’s tax on motor fuel which is used to fun infrastructure projects.
And Republican lawmakers have criticized the measures for not doing enough to help residents.
|WTI increased by 59 cents to settle at $115.26. Crude prices have increased amid supply concerns from the market as the European Union works to implement a 90 percent ban on Russian oil imports by the end of this year.|
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