--- title: Gas Prices Are Rising yet Again description: Gas prices are already 3 cents higher than they were last week. authors: - name: Sarah Hansen role: Senior Writer url: https://money.com/author/sarah-hansen/ bio: Sarah Hansen is a senior writer at Money covering all things personal finance. Previously, she covered economic policy and capital markets on the breaking news desk at Forbes. education: Northwestern University, New York University at_money_since: 2021 articles: 347 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Education - Health and Wellness - Housing - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://www.linkedin.com/in/sarah-m-hansen/ former_staff: true editors: - name: Kristen Bahler role: Managing Editor url: https://money.com/author/kristen-bahler/ bio: Kristen Bahler has spent more than a decade turning culture, work and consumer spending trends into conversation-driving stories. Today, she leads Money's sponsored content channel and reader-favorite franchises like Best Places to Live and Best Places to Travel. education: Northeastern University, MA Journalism at_money_since: 2016 articles: 52 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://www.linkedin.com/in/kristen-bahler/ updaters: - name: Sarah Hansen role: Senior Writer url: https://money.com/author/sarah-hansen/ bio: Sarah Hansen is a senior writer at Money covering all things personal finance. Previously, she covered economic policy and capital markets on the breaking news desk at Forbes. education: Northwestern University, New York University at_money_since: 2021 articles: 347 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Education - Health and Wellness - Housing - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://www.linkedin.com/in/sarah-m-hansen/ former_staff: true published: '2022-04-25T18:51:31.000Z' modified: '2024-01-10T17:26:48.000Z' section: Economy and Politics tags: - Crude Oil - Gas prices - News - Oil word_count: 366 canonical: https://money.com/gas-prices-rising-again/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Woman Pumping Gas](https://img.money.com/2022/04/News-Gas-Prices-Rising.jpg) The cost of gas is ticking up again. The national average price for a gallon of regular gasoline crept to $4.12 on Monday, according to AAA — up from $4.09 a week earlier. The price of crude oil, which accounts for about 60% of the retail price of gasoline, is largely to blame, experts say. Oil prices rose sharply in the aftermath of Russia’s invasion of Ukraine, which sent pump prices soaring to a peak national average of $4.33 per gallon (and more than [$5 per gallon](https://money.com/gas-prices-5-gallon-california-cities/) in several cities) earlier this spring. (Which, in turn, drove the [U.S. inflation rate](https://money.com/inflation-highest-since-1981-gas-prices/) to its highest level in decades). Last week, oil prices ticked up again as the European Union weighed new sanctions on Russia's energy industry. Russia is a major oil producer, and any disruption to the country's oil exports is virtually guaranteed to have global consequences. As of Monday morning, crude prices had retreated somewhat amid the threat of [another COVID-19 outbreak](https://www.reuters.com/world/china/shanghai-blockades-covid-hit-buildings-fuelling-fresh-outcry-2022-04-24/) in China. Right now, gas is most expensive in Western states like California ($5.69 per gallon) and Nevada ($5.08 per gallon), according to AAA data. Prices are lowest in Southern states like Georgia ($3.71 per gallon) and Arkansas ($3.74 per gallon). The volatility surrounding the ongoing conflict in Ukraine, plus the looming possibility of coronavirus-related lockdowns in China, makes future gas prices difficult to predict. The EIA is [forecasting](https://www.eia.gov/todayinenergy/detail.php?id=52098) that retail gas prices will average $3.84 per gallon across the country this summer. That’s significantly higher than prices last summer, which averaged $3.06 per gallon and the highest summer average since 2014, but it’s far from the all-time highs notched in March. Still, “As long as the price of \[crude\] oil stays elevated, the price at the pump will struggle to fall,” Andrew Gross, AAA spokesperson, said in a [statement](https://gasprices.aaa.com/pump-prices-edge-higher-on-oil-market-volatility/) Monday. “Consumers may be catching a little break from March’s record-high prices, but don’t expect any dramatic drops.” [This U.S. City Is the Most Affordable Housing Market in the World](https://money.com/most-affordable-housing-market-world/) [Gas Prices Just Rose at the Fastest Pace Ever Recorded](https://money.com/gas-prices-rise-record-fast-pace/) [Netflix Could Launch a New Plan (With Ads) That's as Cheap as Hulu or Disney+](https://money.com/netflix-low-price-plan-with-ads/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/gas-prices-rising-again/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Gas Prices", "item": "https://money.com/gas-prices/" }, { "@type": "ListItem", "position": 4, "name": "Gas Prices Are Rising yet Again" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/gas-prices-rising-again/#webpage", "url": "https://money.com/gas-prices-rising-again/", "name": "Gas Prices Are Rising yet Again", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2022-04-25T18:51:31.000Z", "mainEntity": { "@id": "https://money.com/gas-prices-rising-again/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/gas-prices-rising-again/#breadcrumb" }, "dateModified": "2024-01-10T17:26:48.000Z" }, { "@type": "NewsArticle", "headline": "Gas Prices Are Rising yet Again", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2022/04/News-Gas-Prices-Rising.jpg", "width": 2880, "height": 1920, "caption": "News-Gas-Prices-Rising" } ], "author": [ { "@type": "Person", "name": "Sarah Hansen", "url": "https://money.com/author/sarah-hansen/", "@id": "https://money.com/author/sarah-hansen/#author", "description": "Sarah Hansen is a senior writer at Money covering all things personal finance. 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