U.S. Gasoline Prices Hit All-Time High

Retail gasoline prices in the United States hit an all-time high this week, with the national average at $4.351 per gallon, GasBuddy's Patrick DeHaan said on Twitter on Monday. According to AAA, the national average as of the end of day Monday stood at $4.328 per gallon. A year ago, the national average for gasoline was $2.962 per gallon. U.S. gasoline prices have been on the rise for several months now as demand rebounded strongly after the end of Covid lockdowns while production was slow to catch up. In a bid to rein in prices, the Biden administration…