Posted on 08/06/21
| News Source: FOX Business
U.S. gas prices reached a record high Thursday.
The national average is sitting at $3.19 per gallon, which is the highest its been since Oct. 12, 2014, according to GasBuddy head petroleum analyst Patrick De Haan.
"We're close to a peak" De Haan told FOX Business in a statement. He projected that this peak will likely come in the next week or two.
Earlier this week, GasBuddy already reported that the nation's average gas price rose 1.7 cents per gallon to $3.16 per gallon.
At that point, prices were already 3.8 cents higher compared to a month ago and nearly 92 cents higher than a year ago.
The uptick in price came as gasoline demand rose to its highest level in 2021. However, that demand won't persist for long as the vacation season winds down.