LOS ANGELES, May 11 (Xinhua): The national average prices for regular gasoline and diesel in the United States both climbed to fresh record highs on Tuesday.
According to the Ameri-can Automobile Associa-tion (AAA), which provides the latest gas price analysis based on data from 130,000 gas stations nationwide, the regular gas price rose four cents on Tuesday to 4.37 U.S. dollars a gallon, overtaking the prior record of 4.33 dollars on March 11.
Diesel prices hit a record, with the national average price now 5.55 dollars per gallon, up 23 cents from last week, when the most recent record was set.
The increase is primarily due to the high cost of crude oil, which was hovering near 100 dollars a barrel last week and is now closing in on 110 dollars, the AAA said in a note.
The surge in gas and diesel prices not only adds to inflationary pressures that have raised recession fears, rocked financial markets and soured Americans' views on the economy but has also directly affected the agriculture industry.
Gasoline, diesel prices hit record highs in US
FE Team | Published: May 11, 2022 22:53:42
Gasoline, diesel prices hit record highs in US
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