Prices at the pump now top $4 in every U.S. state, with costs driven up by a drop in capacity.
The price of gasoline in the U.S. has risen to a new record high for three days in a row, as falling capacity at refineries increase the costs of filling up. The average price of a gallon of regular gas rose to $4.42, according to AAA. That’s up from from $4.10 and $3 in May of last year, with spiking energy costs contributing to the around the country in 40 years. Gas now tops at least $4 per gallon in every U.S. state, with the biggest jump in fuel prices this week in Michigan, New Jersey, Connecticut, Kentucky and Indiana, according to AAA. The priciest states for gas are in the West: California ($5.85 per gallon), Hawaii ($5.31), Alaska ($4.81), Nevada ($5.12) and Oregon ($4.88). The price of crude oil — by far the biggest factor affecting the price of gas — has moved up and down this week. Brent crude, the international standard, rose Thursday to $107.85 per barrel, according to FactSet. West Texas Intermediate, the U.S. benchmark, climbed to $106.70. A drop in oil refinery capacity is also pushing up prices. Refineries turn crude oil into gas and other products; since 2019, refinery capacity in the U.
