Gasoline Prices Reach $ 5 a Gallon Nationwide for the First Time

The average price of a gallon of regular unleaded gas in the US hit $ 5 Friday night, and the rise in fuel costs is expected to persist throughout the busy summer driving season.

The record high, according to OPIS, an energy-data and analytics provider, comes as US consumer inflation hit its highest level in 40 years and crude oil prices remain high.

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