U.S. Gas Prices Reach New Yearly High of $4.23 a Gallon

The average price of gasoline in the United States reached $4.23 per gallon, AAA reported. This figure represents the highest average price recorded so far this year.

According to AAA, global instability impacted the cost of crude oil, a primary component in gasoline production. Fluctuations in crude oil pricing often correlate directly with prices at the pump. AAA analysts continue to monitor market conditions.