Fuel prices have skyrocketed across theÂ country, with a gallon of gas reaching past $5.00 in some parts of theÂ country.
The price of petrol has been continuallyÂ climbing for the past 32 days, causing many Americans to spend as much as 10Â percent of their income on gas.
Experts are puzzled why prices keepÂ ascending, as many drivers tend to shy away from long trips in the winter monthsÂ due to slick road conditions.
According to AAA’s Daily Fuel Gauge report,Â the national average for a gallon of regular gas is $3.73, up two cents fromÂ yesterday.
The escalating cost of fuel comes as manyÂ Americans are facing an end to Bush-era tax cuts and are already coping withÂ smaller paychecks and less disposable income.
KTLA reportsÂ that regular fuel costs $5.09 a gallon, while premium can run up to anÂ eye-watering $5.39 a gallon.
With most non-hybrid vehicles getting betweenÂ 20-30 miles per gallon and most drivers averaging 29 miles a day, the priceÂ spike is worrisome, especially since fuel prices tend to rise during the springÂ and summer months.
The cause of the price hikes is complex —CNN Money reports that it is a ‘confluence of factors, from risingÂ crude oil prices, to production cuts and refinery closings.’
In addition, consumer reports show that theÂ job and housing markets are slowly but surely creeping back to where they wereÂ before the recession, meaning the cost of oil has been rising withÂ it.
Pound for pound, North Dakotans have paid theÂ most for fuel, based on their income. According to AAA’s Fuel Gauge Report, theÂ average gas price is $3.67 a gallon.
While it’s not the priciest in the nation, itÂ is a whopping 10.3 percent of their income.
Prices typically rise in March and April,Â when car owners begin to travel longer distances.