World Blog by humble servant. Ukraine Chronicles 1262 US fuel prices reach new highs ahead of Memorial Day Gasoline sets a new all-time high heading into the holiday weekend that marks the start of America’s summer driving season
US retail gasoline prices have climbed to fresh all-time highs just in time for the traditional start of America’s summer driving season, the Memorial Day holiday weekend. Prices at the pump for regular-grade gasoline rose to $4.60 per gallon on Thursday and held around that level on Friday, according to data from the AAA motor club. The benchmark US fuel price has surged by 51% in the past year and more than 90% since President Joe Biden took office in January 2021. Motorists are feeling the price pinch even more acutely in certain high-cost states. In California, for instance, gasoline set a new all-time high at nearly $6.08 per gallon on Friday. Hawaii and Washington also set new state records, averaging $5.43 per gallon and $5.22 per gallon, respectively READ MORE: US may waive smog rules to tame gasoline prices Diesel prices are even steeper, averaging $5.53 per gallon nationwide on Friday, less than a nickel below the all-time high of $5.57 set last week. Surging diesel costs...