
The dollars-and-cents counter on the gas pump seems to be spinning faster these days with U.S. prices hitting another record high on Tuesday.
The average price for a gallon of regular unleaded hit $4.37, according to AAA, 17 cents higher than just a week ago. Last year at this time it was just $2.97 per gallon. Crude oil prices already were high largely because many countries are refusing to buy Russian oil due to the invasion of Ukraine. And now we're heading into peak driving season and demand is up.