Business Standard

Saturday, December 21, 2024 | 10:05 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

US gasoline average price tops $5 per gallon in historic first, shows data

AAA data showed that the US gasoline prices crossed $5 per gallon for the first time in history, sending mixed reactions across the globe

Oil, gas
Premium

Photo: Bloomberg

Reuters
The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation.

The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 a day earlier, AAA data showed.
High gasoline prices are a headache for President Joe Biden and congressional Democrats as they struggle to maintain their slim control of Congress with midterm elections coming up in November.

Biden has pulled on numerous levers to try to lower prices, including a record release of

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in