ST. LOUIS — More pain at the gas pump as gasoline prices soar to record highs in the St. Louis area.
The American Automobile Association reports that the average cost of gasoline in the St. Louis area now exceeds $4 per gallon. AAA reports an average of $4.02 per gallon for regular unleaded fuel and $5.18 per gallon for diesel fuel. According to AAA, both prices mark new record highs in the St. Louis metropolitan area.
It’s a notable jump considering prices over the past few periods. According to AAA, the average cost of regular unleaded gasoline in the St. Louis area is 14 cents more than a week ago, 26 cents more than a month ago and $1.26 more than this time last year.
After a few weeks of gradually falling prices in March and April, AAA reports that gas prices are breaking records not just in St. Louis but nationwide. The organization cites a rise in crude oil prices as the reason for the rising cost, which has exceeded $100 a barrel since Russia’s invasion of Ukraine in February.
In the past two weeks, the national average for a gallon of gasoline has risen to $4.37, up four cents from the national record set on March 11.
US President Joe Biden spoke about inflation and rising gas prices in a press conference on Tuesday. He released oil from the Strategic Petroleum Reserve in November and March in hopes of lowering prices. While this helped temporarily, prices have risen to record highs again. On Tuesday, he said moving away from fossil fuels and becoming more energy efficient would ultimately protect Americans from higher gasoline costs.
https://fox2now.com/news/aaa-gas-prices-jump-to-record-high-st-louis-area-now-topping-4-per-gallon/ AAA: Gas prices soar to record high in St. Louis area, now exceeding $4 a gallon