Gas prices in North Dakota are up 55% since last year

STACKER — The national median price for a gallon of regular gasoline broke records repeatedly in the first two weeks of May, according to the American Automobile Association. AAA is a private, not-for-profit national membership association and service organization with more than 60 million members throughout the United States and Canada. The AAA’s statewide survey of gas prices found that as of May 16, 2022, nearly every state exceeded $4 a gallon.

Fluctuations in gas prices — up 30.8% per gallon in the US from a year ago — are felt on a personal level, but they’re often influenced by sudden events and major political shifts around the country and the world. Natural disasters, like hurricanes that shut down refineries along the Gulf of Mexico — where about half of America’s crude is processed — can send prices skyrocketing almost immediately. As with the first Gulf War with Iraq in 1990/91 or Russia’s invasion of Ukraine in February, military conflicts involving oil-producing countries can also have global repercussions.

The cost of crude oil, determined by global supply and demand, is the country’s primary determinant of gas prices. Currently, high seasonal demand, a rebound in travel amid COVID-19 restrictions, weak domestic production and international sanctions against Russia – a massive player in the global oil market – are all contributing to ever-rising prices at the pump.

Routing app Routific examined AAA data to see how gas prices have changed in every state over the past year, including in our nation’s capital, in response to global events. East Coast states have seen the most painful price hikes at the pump.

Read below to see how your state has made an impact, or check out national trends here.

North Dakota in Numbers

– Regular gas price increase since July 2021: +55.0% (+$1.64 per gallon)
– Medium-grade gas price increase since July 2021: +55.8% (+$1.78 per gallon)
– Premium gas price increase since July 2021: +56.4% (+$1.92 per gallon)
– Diesel gas price increase since July 2021: +76.0% (+$2.40 per gallon)

Curious which states have seen the biggest gas price hikes? Read on to find out.

States with the largest gas price increases since last year

#1. Arizona: +63.6% regular gas price increase since July 2021 (+$1.98 per gallon)
#2. Massachusetts: +59.7% regular gas price increase since July 2021 (+$1.80 per gallon)
#3. New Hampshire: +59.4% regular gas price increase since July 2021 (+$1.77 per gallon)
#4. Vermont: +59.4% regular gas price increase since July 2021 (+$1.80 per gallon)
#5. Missouri: +59.0% regular gas price increase since July 2021 (+$1.66 per gallon)

This story originally appeared on Stacker and was produced and distributed in partnership with Stacker Studio. This article is republished under a CC by NC 4.0 license.

Source