The Chevron station in Downtown Los Angeles priced a gallon of regular unleaded at $8.05.
The national average for regular gasoline climbed by five cents on Wednesday to a fresh record of $4.67 a gallon, according to AAA.It now costs 32% more to fill up your tank than on the day before Russia invaded Ukraine.
Seven states now average $5 or higher, with Illinois becoming the latest to join that unpopular club, according to AAA. New York and Arizona are just pennies away from the $5 threshold.Andy Lipow, president of Lipow Oil Associates, told CNN he expects the national average to hit $4.75 in the next 10 days.Brent crude, the world benchmark, gained 1% on Tuesday to close at the highest level in nearly three months. Brent is up another 1.2% Wednesday morning.
The national average for regular gas is now 44 cents higher than on the day President Joe Biden announced the largest-ever release of oil from the Strategic Petroleum Reserve in late March.
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