The average price of a gallon of gas in the United States is above $4 for the first time since 2008. In a trend that shows no signs of slowing, gas prices have surged by 45 cents a gallon in the last week alone, and by 62 cents in the last month.
The price spike is due to several factors. Most notably, the Russian invasion of Ukraine is leading to reduced supply of oil and gas, as many would-be buyers are reducing consumption of Russian oil. Russia is traditionally the third largest oil supplier in the world, accounting for 11% of global production. Here is a look at the 15 countries that control the world’s oil.
Even before the outbreak of war in Eastern Europe, fuel prices were on the rise. The ongoing reopening of the U.S. economy has contributed to rising demand for fuel – and to broader inflation concerns. Meanwhile, domestic supply of fuel has been limited, as oil companies have cut investments in new wells in recent years to improve profitability.
Exactly how much American motorists are paying at the pump varies across the country. Using fuel price data from AAA, the American Automobile Association, 24/7 Wall St. identified the states with the highest gas prices. States are ranked by the average price of a gallon of regular gasoline on March 7, 2022.
Depending on the state, gas prices range from an average of $3.63 a gallon to $5.34 a gallon. Nationwide, the average price of a gallon of gas stands at $4.06.
The total price motorists pay at the pump is the product of several factors, including the price of crude oil – largely determined by global supply and demand – and taxes. The U.S. government levies a gasoline tax of 18.4 cents per gallon, while states are free to set their own gas tax rate. State gas taxes and fees average about 30 cents per gallon. Here is a look at the states with the highest gas taxes.
Click here to see states with the highest gas prices
50. Missouri
> Avg. price of gas: $3.63 per gallon
> 1-month change: +$0.51 per gallon (+16.5%)
[in-text-ad]
49. Oklahoma
> Avg. price of gas: $3.65 per gallon
> 1-month change: +$0.53 per gallon (+17.1%)
24/7 Wall St.
48. Kansas
> Avg. price of gas: $3.68 per gallon
> 1-month change: +$0.52 per gallon (+16.4%)
47. Arkansas
> Avg. price of gas: $3.69 per gallon
> 1-month change: +$0.60 per gallon (+19.2%)
[in-text-ad-2]
46. South Dakota
> Avg. price of gas: $3.70 per gallon
> 1-month change: +$0.43 per gallon (+13.1%)
45. Iowa
> Avg. price of gas: $3.72 per gallon
> 1-month change: +$0.49 per gallon (+15.1%)
[in-text-ad]
44. Texas
> Avg. price of gas: $3.73 per gallon
> 1-month change: +$0.62 per gallon (+20.0%)
24/7 Wall St.
43. Nebraska
> Avg. price of gas: $3.73 per gallon
> 1-month change: +$0.50 per gallon (+15.5%)
42. North Dakota
> Avg. price of gas: $3.73 per gallon
> 1-month change: +$0.44 per gallon (+13.4%)
[in-text-ad-2]
41. Wyoming
> Avg. price of gas: $3.74 per gallon
> 1-month change: +$0.40 per gallon (+12.0%)
40. Mississippi
> Avg. price of gas: $3.75 per gallon
> 1-month change: +$0.66 per gallon (+21.5%)
[in-text-ad]
39. Colorado
> Avg. price of gas: $3.75 per gallon
> 1-month change: +$0.43 per gallon (+13.0%)
24/7 Wall St.
38. Minnesota
> Avg. price of gas: $3.77 per gallon
> 1-month change: +$0.49 per gallon (+14.9%)
37. Montana
> Avg. price of gas: $3.80 per gallon
> 1-month change: +$0.39 per gallon (+11.5%)
[in-text-ad-2]
36. Kentucky
> Avg. price of gas: $3.81 per gallon
> 1-month change: +$0.68 per gallon (+21.7%)
35. Ohio
> Avg. price of gas: $3.83 per gallon
> 1-month change: +$0.57 per gallon (+17.3%)
[in-text-ad]
34. Wisconsin
> Avg. price of gas: $3.83 per gallon
> 1-month change: +$0.62 per gallon (+19.5%)
33. Utah
> Avg. price of gas: $3.86 per gallon
> 1-month change: +$0.48 per gallon (+14.3%)
32. Tennessee
> Avg. price of gas: $3.87 per gallon
> 1-month change: +$0.72 per gallon (+23.0%)
[in-text-ad-2]
31. Louisiana
> Avg. price of gas: $3.87 per gallon
> 1-month change: +$0.69 per gallon (+21.8%)
30. South Carolina
> Avg. price of gas: $3.88 per gallon
> 1-month change: +$0.70 per gallon (+22.1%)
[in-text-ad]
29. West Virginia
> Avg. price of gas: $3.89 per gallon
> 1-month change: +$0.60 per gallon (+18.3%)
28. New Mexico
> Avg. price of gas: $3.89 per gallon
> 1-month change: +$0.59 per gallon (+18.0%)
27. Alabama
> Avg. price of gas: $3.91 per gallon
> 1-month change: +$0.75 per gallon (+23.8%)
[in-text-ad-2]
26. North Carolina
> Avg. price of gas: $3.93 per gallon
> 1-month change: +$0.71 per gallon (+22.1%)
25. Idaho
> Avg. price of gas: $3.96 per gallon
> 1-month change: +$0.44 per gallon (+12.6%)
[in-text-ad]
24. Georgia
> Avg. price of gas: $3.97 per gallon
> 1-month change: +$0.72 per gallon (+22.0%)
23. Virginia
> Avg. price of gas: $3.98 per gallon
> 1-month change: +$0.71 per gallon (+21.7%)
22. Indiana
> Avg. price of gas: $3.99 per gallon
> 1-month change: +$0.63 per gallon (+18.8%)
[in-text-ad-2]
21. Florida
> Avg. price of gas: $4.01 per gallon
> 1-month change: +$0.54 per gallon (+15.6%)
20. Michigan
> Avg. price of gas: $4.03 per gallon
> 1-month change: +$0.66 per gallon (+19.6%)
[in-text-ad]
19. Vermont
> Avg. price of gas: $4.05 per gallon
> 1-month change: +$0.56 per gallon (+16.0%)
18. New Hampshire
> Avg. price of gas: $4.07 per gallon
> 1-month change: +$0.71 per gallon (+21.0%)
17. Maine
> Avg. price of gas: $4.09 per gallon
> 1-month change: +$0.63 per gallon (+18.1%)
[in-text-ad-2]
16. Maryland
> Avg. price of gas: $4.09 per gallon
> 1-month change: +$0.70 per gallon (+20.4%)
15. Delaware
> Avg. price of gas: $4.11 per gallon
> 1-month change: +$0.72 per gallon (+21.4%)
[in-text-ad]
14. Arizona
> Avg. price of gas: $4.13 per gallon
> 1-month change: +$0.49 per gallon (+13.3%)
24/7 Wall St.
13. Massachusetts
> Avg. price of gas: $4.16 per gallon
> 1-month change: +$0.72 per gallon (+20.8%)
12. New Jersey
> Avg. price of gas: $4.17 per gallon
> 1-month change: +$0.67 per gallon (+19.2%)
[in-text-ad-2]
11. Rhode Island
> Avg. price of gas: $4.18 per gallon
> 1-month change: +$0.74 per gallon (+21.6%)
10. Pennsylvania
> Avg. price of gas: $4.24 per gallon
> 1-month change: +$0.62 per gallon (+17.3%)
[in-text-ad]
9. New York
> Avg. price of gas: $4.26 per gallon
> 1-month change: +$0.67 per gallon (+18.8%)
8. Connecticut
> Avg. price of gas: $4.28 per gallon
> 1-month change: +$0.71 per gallon (+19.9%)
7. Illinois
> Avg. price of gas: $4.30 per gallon
> 1-month change: +$0.69 per gallon (+19.0%)
[in-text-ad-2]
6. Alaska
> Avg. price of gas: $4.40 per gallon
> 1-month change: +$0.62 per gallon (+16.3%)
5. Washington
> Avg. price of gas: $4.45 per gallon
> 1-month change: +$0.49 per gallon (+12.5%)
[in-text-ad]
4. Oregon
> Avg. price of gas: $4.51 per gallon
> 1-month change: +$0.58 per gallon (+14.8%)
3. Nevada
> Avg. price of gas: $4.59 per gallon
> 1-month change: +$0.73 per gallon (+18.9%)
2. Hawaii
> Avg. price of gas: $4.70 per gallon
> 1-month change: +$0.29 per gallon (+6.7%)
[in-text-ad-2]
1. California
> Avg. price of gas: $5.34 per gallon
> 1-month change: +$0.66 per gallon (+14.2%)
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
