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National gas price average hits new record high at $4.45 per gallon

Check out what’s clicking on FoxBusiness.com. The national average gas price hit a record high, and is expected to continue rising as the energy supply crunch in the U.S. rages on. The average price for a gallon of gas hit $4.45 Saturday, according to AAA Gas Prices. Some states with higher-than-average prices include California at $5.92 a gallon, and Hawaii at $5.32.Diesel also hit its own highest recorded cost at $5.56.BIDEN ENDING MORATORIUM ON FEDERAL DRILLING LEASES WON’T HELP GAS PRICES FOR ‘OVER A YEAR’: OIL EXPERT The national average retail price for a gallon of regular gasoline reached $4.40. However, Andy Lipow, the president of Lipow Oil Associates, estimated that the national average could soon surge as high as $4.50 per gallon.  High gas prices are seen in front of a medical billboard Wednesday, May 11, 2022, in Milwaukee. (AP Photo/Morry Gash / AP Newsroom) Before Russia was hit with sanctions for invading Ukraine, threatening the already tight global oil market, the national average was at $3.53, according to Lipow. GET FOX BUSINESS ON THE GO BY CLICKING HEREThe Biden administration canceled one of the most high-profile oil and gas lease sales pending b …

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