On Saturday, the average price of regular gasoline in the United States exceeded $5 a gallon for the first time ever, according to the American Automobile Association.
The price of gasoline increased by 60 cents compared to last May, according to the same source.
The prices of oil and refined fuels this year in the United States reached their highest levels in 14 years, according to American media.
Economists largely attribute the rise to Russia's war on Ukraine and the resulting sanctions, and to a rebound in energy use as the economy recovers from the coronavirus pandemic.
Record gas prices pushed inflation to 8.6% in the past 12 months through the end of May, according to the latest consumer price index, the core inflation gauge.
And the Federal Bureau of Labor and Statistics announced - yesterday, Friday - that the inflation rate in the United States in May reached its highest level since 1981.