The average price of a gallon of gas nationwide has hit $5 a gallon for the first time in history.
The average price hit $5 on June 11, according to the American Automobile Association (AAA), which tracks prices.
The average is as high as $6.43 in some states, including California, and as low as $4.46 in others, such as Alabama.
Gas Buddy, another tracker, says that the national average struck $5 on June 9.
Either way, the price has soared since President Joe Biden took office in January of 2021, and has risen by $2 a gallon since one year ago and about 20 cents from one week ago.
Analysts say the surging prices stem from factors including a decline in refining capacity around the world, including in the United States, due to the COVID-19 pandemic and countries banning Russian oil amid the Russian-Ukraine war….