Gasoline Tops $4 a Gallon in Every US State for the First Time
- Burden falls most heavily on lower-income families: Finley
- Prices have room to rise this summer as stockpiles dwindle
Photographer: David Paul Morris/Bloomberg
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Gasoline pump prices have risen above $4 a gallon in all states in the US for the first time ever as the last holdouts -- Kansas, Oklahoma and Georgia -- saw prices rise overnight, according to auto club AAA.
In California, the most expensive state, prices are averaging $6.021 a gallon, a fresh record, while five other states are above $5 a gallon. Ever-higher prices less than two weeks before the start of peak summer driving season are a burden to consumers and a potential challenge for US president Joe Biden. Biden’s decisions to release crude oil from emergency reserves have translated to little relief at the pump, in part due to a lack of refining capacity to process that crude.