Gas Prices Back on the Rise , in the United States.
CNN reports the price of gasoline in
the United States is once again
hovering around record highs.
According to AAA, the national average gas price rose to $4.328 per gallon on May 5.
Paired with inflated prices of everyday
items, consumers feel burned each
time they fuel their cars.
According to CNN, gas prices have risen
13 cents per gallon in the last week.
Experts say while gas prices are
nearing all-time highs, if adjusted for
inflation, things don't look as bad.
Per the US Energy Information Administration, fuel prices would need to raise over $5.30 per gallon to match records set in 2008.
Increased costs at the pump have caused many Americans to have a grim outlook
on the current state of the economy.
According to CNN, merely 23% of Americans rate the US economy as even somewhat good, .
According to CNN, merely 23% of Americans rate the US economy as even somewhat good, .
which is down 54% from April 2021.
Only 34% of U.S. citizens currently
approve of the Biden White House's
handling of the country's economy