US gas prices jump to a record high of $ 4.67 per gallon
It gives gas prices up by 48 cents in the last month alone.
It now costs 32% more to fill up the tank than the day before Russia invaded Ukraine.
Seven states are now averaging $ 5 or higher, with Illinois as the last to join the unpopular club, according to AAA. New York and Arizona are just dollars away from the $ 5 threshold. The average in California is now $ 6.19 per gallon.
No state has an average of $ 4.15 or lower, with George coming in at the lowest of $ 4.16.
Andy Lipow, president of Lipow Oil Associates, told CNN that he expects the national average to reach $ 4.75 over the next 10 days.
The price of oil, the largest component of pump prices, continues to rise.
Brent oil, the world benchmark index, rose 1% on Tuesday to close at its highest level in almost three months. Brent is up another 1.2% Wednesday morning. The gain comes after Europe agreed to phase out 90% of Russian oil imports by the end of the year.
