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Forget $4 gas: New all-time high prices are coming, says GasBuddy

RALEIGH, NC (WNCN) – U.S. gas prices are likely to set new all-time highs as prices continue to rise amid the Russia-Ukraine conflict, GasBuddy says.

In Raleigh, the average price of a gallon of gasoline has skyrocketed 38.3 cents in the last week and prices are up 71.2 cents a gallon from a month ago.

As of Monday, the average price per gallon in Raleigh is $3.94. A year ago it was $2.57 a gallon.

Patrick De Haan, head of petroleum analysis at GasBuddy, said prices are at their highest since 2008.

“Forget the $4 per gallon mark, the nation is about to set new all-time records and we could be close to a national average of $4.50/gallon. California could be heading to $5.50 a gallon, with more stations charging $6 and up,” De Haan said

He went on to say that the high price of gasoline will continue for a while.

“We have never been in a situation with this level of uncertainty before. As we lose a major global producer under the weight of deserved bipartisan sanctions for invading a sovereign country, the cost is high. Americans will feel the pain of price hikes for some time, and little good news can be expected,” De Haan said.

Other gas prices in North Carolina:

Greensboro – $3.90/g, up 37.1 cents per gallon from last week’s $3.53/g.
Fayetteville – $3.90/g, up 36.9 cents per gallon from last week’s $3.53/g.
Durham – $3.93/g, up 34.5 cents a gallon from last week’s $3.58/g.

https://www.cbs17.com/news/forget-4-gas-new-all-time-high-prices-are-coming-gasbuddy-says/ Forget $4 gas: New all-time high prices are coming, says GasBuddy

DUSTIN JONES

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