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National Average Gas Price Spikes to $4/gal, First Time Since 2008

This evening, for the first time since 2008, the national average price of gas in the U.S. has surpassed $4 per gallon. Just in the last week, gas prices have spiked 41 cents per gallon, narrowly missing the record weekly spike. On Friday alone, the national average rose 15 cents.

Now just cents away from the all-time record high, U.S. gas prices will likely continue to rise and set new records through summer. What’s driving the spike in prices and how high they could go in the full release:


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