The worth of fuel per gallon is rising across the nation in various quantities, in response to a brand new report by the U.S. Vitality Data Administration (EIA).

The brand new Gasoline and Diesel Gasoline Replace reveals important will increase within the worth of fuel throughout the nation, with the New England area experiencing the most important enhance. As of March 7, the typical worth per gallon of fuel in New England was $4.187, which was 59 cents larger than final week's worth of $3.597 and $1.493 larger than the earlier 12 months.

Some states throughout the nation are experiencing larger fuel costs than ever earlier than. Connecticut set a report for the best fuel costs within the state, topping a earlier report set in 2008, with the typical worth of fuel hitting $4.41 per gallon on Wednesday. This worth presently surpasses the nationwide common recorded by the American Vehicle Affiliation (AAA), which is $4.252 per gallon.

Whereas gasoline costs across the nation are rising, they aren't all rising on the identical fee. For instance, the Midwest area is experiencing the weakest enhance in costs; the typical worth per gallon is presently $3.916, a rise of 45 cents from final week and a $1.20 enhance from 2021, in response to the EIA.

Gas Pump
A brand new report by the U.S. Vitality Data Administration particulars how a lot the value of fuel has gone up throughout the nation previously week. Above, a automobile is proven at a fuel pump, Friday, January 21, at a fuel station in North Miami, Florida.AP Photograph/Wilfredo Lee

California's common fuel worth stands at $5.57, whereas Hawaii's is presently $4.47 per gallon. Different states rounding out the checklist of the best fuel costs within the nation embrace Washington, New York, Illinois, Nevada, Alaska and Oregon, in response to knowledge from AAA.

"Retail gasoline costs are primarily affected by crude oil costs and the extent of gasoline provide relative to gasoline demand," says the U.S. EIA web site. "Sturdy and rising demand for gasoline and different petroleum merchandise in america and the remainder of the world can place intense stress on accessible provides."

The Russian invasion of Ukraine is taken into account to be the first purpose why fuel costs are rising in america. President Joe Bidenjust lately introduced the ban of imported Russian oil into the nation. Regardless of Russian oil solely making up 8 p.c of U.S. oil imports, the impact of the ban in the marketplace is already being felt. Nonetheless, many lawmakers are saying that such a ban is for the better good.

"If you consider the sacrifices being made by the individuals of Ukraine, if you consider our stake in stopping a tyrant who's making an attempt to broaden, that could be a worth that may be very a lot value paying," mentioned former Treasury Secretary Lawrence Summers when requested about the potential for $5 fuel by CNN.

Replace at 3/9/22, 1:24 p.m. ET: This story has been up to date to incorporate further data.