Prices hit highest level since 2022.
The U.S. national average price of regular gasoline rose 25 cents over the past week to $4.55, AAA reported May 7 — a second consecutive 25-cent weekly jump that pushed pump prices to their highest level since 2022, when the average peaked at $5.01.
Pump prices are now $1.40 above their year-ago level and 41 cents higher than a month ago. The latest increase came even as West Texas Intermediate crude eased back below $100 a barrel amid ongoing negotiations to reopen the Strait of Hormuz, an indication that downstream gasoline supply concerns are
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