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Gasoline reaches $5 per gallon average nationwide for first time: AAA

The national average retail price for a gallon of gasoline reached $5 for the first time on Saturday according to AAA figures.

The new average marks a $1.93 rise per gallon over the past year. Prices rose by 19 cents over just the last week.

Drivers in some parts of the country are paying far more than the average. The average cost per gallon for Californians is $6.43, according to AAA.

The skyrocketing prices coincide with higher fuel demand as Americans hit the road over the summer.

President Biden has blamed skyrocketing energy prices around the globe on Russia’s invasion of Ukraine.