Average US Gas Price Rises 22% in Two Weeks to Record $4.43, Still Below Inflation-Adjusted High

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The average U.S. price of regular-grade gasoline shot up a whopping 79 cents over the past two weeks to $4.43 per gallon as Russia’s invasion of Ukraine is contributing to already-high prices at the pump.

A California street sign is shown next to the price board at a gas station in San Francisco, on March 7, 2022.

Lundberg said gas prices are likely to remain high in the short term as crude oil costs soar amid global supply concerns following Russia’s invasion of Ukraine.

 

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