CNN — Gas prices just took another big step in the wrong direction. The national average for regular gasoline increased by five cents on Wednesday to a new record of $4.67 a gallon, according to AAA. That puts gas prices up by 48 cents in the past month alone. Seven states now average $5 or higher, with Illinois becoming the latest to join that infamous club, according to AAA. Andy Lipow, president of Lipow Oil Associates, told CNN he projects the national average to hit $4.75 in the next 10 days.

Source: CNN June 01, 2022 16:29 UTC