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U.S. Gas Prices Hit $5 Per Gallon, A New Record High

June 11, 2022

Gasoline prices in the U.S. just hit $5 a gallon for the first time, and there's little relief in sight.

Average national prices rose to $5.004 on Saturday, according to AAA, though that's not adjusted for inflation. The milestone comes just as the peak summer driving season gets underway.

The news is unlikely to surprise many drivers given that gas prices have already surged above that level in a handful of states, including in California and Nevada, putting a big dent in family budgets across the country.

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