Gas Prices Continue to Rise; National Average Hits $3.65 Per Gallon

Russia's invasion of Ukraine has drastically impacted the oil market.

Shutterstock photo.

WASHINGTON, D.C. – Gas prices continue to rise across the United States.

Russia’s invasion of Ukraine has drastically impacted the oil market.

Oil prices rose by 9 percent on Tuesday and are up nearly 5 percent as of Wednesday morning to $108.39 per barrel.

The increase in the global price of oil has led to higher pump prices in the U.S.

According to AAA, the national average for a gallon of gas has risen to $3.65 as of Wednesday morning. That is nearly 30 cents more than a month ago and 90 cents more than a year ago.

“Russia’s invasion and the responding escalating series of financial sanctions by the U.S. and its allies have given the global oil market the jitters,” said Andrew Gross, AAA spokesperson. “Like the U.S. stock market, the oil market responds poorly to volatility. It’s an explosive situation, and a grim reminder that events on the far side of the globe can have a ripple effect for American consumers.”  

Indiana was among the 10 states with the largest weekly increase in gas prices last week with an increase of more than 14 cents per gallon. Still, Indiana and Ohio rank in the middle of the pack in terms of cheapest gas prices. Kentucky is among 11 states that have the lowest gas prices in the country. 

For more information, visit AAA Gas Prices.

State

Regular

Mid-Grade

Premium

Diesel

Indiana

$3.61

$3.88

$4.20

$4.11

Kentucky

$3.35

$3.64

$3.95

$3.89

Ohio

$3.54

$3.77

$4.11

$4.05

 

*Gas price averages as of March 2. Data via AAA

More from Local News

Dearborn Co. Health Department, St. E Partner with IU to Promote Free Online Narcan Training

The training is available to anyone who lives or works in Dearborn County.

Friendship Insurance Welcomes Mindy Clark as Batesville Agent

Clark brings a decade of experience in the insurance industry.

State Champion Manchester Robotics Preparing for Worlds

The World Tournament is May 1-3 in Dallas, Texas.

LHS League of Legends Team to Play for State Championship

The state title match will be played at Ball State University.

East Central, Lawrenceburg, Batesville Football Recognized at Annual Griddy Awards

Noah Knigga and Carson Pieczonka were named 2024 Indiana Football Digest Prime Time 25

Local Sports Report - April 13, 2023

Report missing scores and stats to news@eaglecountryonline.com.

On Air

Rick Bernius playing
Lee Ann Womack - Something Worth Leaving Behind

Blake Shelton God Gave Me You 17:25
Lauren Alaina and Jon Pardi Getting Over Him 17:22
Conway Twitty & Loretta Lynn Louisiana Woman, Mississippi Man 17:20
Jason Aldean Let Your Boys Be Country 17:16