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Tribune News Service
Tribune News Service
Business
Jordyn Grzelewski

Average price of gasoline in the US surpasses 2008 record

The national average price of gasoline in the U.S. surpassed 2008's record on Monday, GasBuddy reported, not taking inflation into account.

The previous all-time high — $4.103 per gallon — was set in 2008. On Monday, amid the fallout from Russia's invasion of Ukraine, the national average hit $4.104 per gallon. Still, according to a federal inflation calculator, $4.10 in early 2008 would be well above $5 today.

The national average also is seeing its largest ever seven-day spike, 49.1 cents per gallon, according to the gas price tracking app. And the national average on Saturday surpassed $4 per gallon for the first time since 2008.

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