North Dakota — The American Automobile Association reports that during the first two weeks of May, the national average price for a gallon of normal gasoline consistently set new records. Over 60 million people in the US and Canada are members of AAA, a privately held non-profit national member association and service organization. According to a national assessment on petrol prices conducted by AAA, nearly all states will have passed the $4 per gallon mark by May 16, 2022.
On a personal level, gas price fluctuations—up 30.8% a gallon in the U.S. from a year ago—are noticeable, but they are frequently impacted by unexpected events and significant policy changes in both the nation and the rest of the world. Price increases may occur very quickly after natural catastrophes like hurricanes that close refineries along the Gulf of Mexico, where about half of the crude oil handled in the United States is refined. Military confrontations involving oil-producing nations can also have an international impact, as was the case during the First Gulf War with Iraq in 1990–1991 or with Russia’s invasion of Ukraine in February.
The most important factor affecting gas prices in the nation is the price of crude oil, which is determined by global supply and demand. Currently, rising gas prices are a result of a number of factors, including high seasonal demand, recovering travel after COVID-19 travel limitations, weak local production, and international sanctions against Russia—a major player in the world oil market.
A navigational app Routific looked over AAA statistics to determine how, in response to world events, petrol prices have changed during the previous year in every state, including the capital of our country. The most painful price rises at the pump have been observed in states along the East Coast.
North Dakota by the numbers
– Regular gas price increase since July 2021: +55.0% (+$1.64 per gallon)
– Midgrade 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)
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)
