High fuel prices are eating away at the income of American consumers. It is impressive that in just one month prices have risen by 1%
At a historic high “Climbed” today its average price unleaded petrol and his diesel fuel in the United Statesaccording to the data collected by AAAa motorcycle club federation numbering more than 61 million members.
As the war in Ukraine and limited capabilities refining at USA maintain the value of crude oil at very high levels worldwide, the average cost per gallon of the cheapest unleaded now exceeds $ 5, while the price of premium quality gasoline exceeds $ 5.66.
In practice, this means that the cost per gallon has increased by almost $ 2 in just one year, ie about 62% for the cheapest unleaded and 53% for the “premium” gasoline.
In some states gasoline is already moving to much higher levels. The highest average price is recorded in California, where AAA estimates that simple unleaded costs about $ 6.4 per gallon.
The picture is similar for drivers of diesel vehicles, as the AAA estimates that the average cost in the US exceeds $ 5.76 per gallon, while a year ago it was marginally above $ 3.2.
High fuel prices They “eat” the income of American consumers. Yesterday it was announced that inflation rose to 8.6% in May, which is the highest level since December 1981. In just one month, ie compared to April, prices increased by 1%.
