Gas Prices Hit Another Record: Fuel Rockets to $4.92 Per Gallon – Up Nearly $2 From a Year Ago – as 13 States Top $5 Average Just as Summer Travel Starts

Gasoline prices set another new record high on Tuesday, averaging $4.92 per gallon for regular just as many families prepare to set off on their summer vacations.

Average gas prices have jumped 30 cents in the past week, and $1.87 from a year ago, according to the AAA Gas Price Index, and are now on pace to top $5 per gallon by the end of this week.

California remains the most expensive state for gas by a wide margin, and pump prices in the Golden State now average $6.37 per gallon.

A total of 13 states, as well as Washington DC, now average more than $5 per gallon, with more due to join their ranks in the coming days as supply fails to keep pace with demand.

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Source: Daily Mail