Gas prices hit $4 a gallon in all 50 states for the first time

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Gas prices hit $4 a gallon in all 50 states for the first time
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For the first time, gas prices in all 50 U.S. states have hit an average of at least $4 per gallon, according to AAA data.

It's an inauspicious record: For the first time, gas prices in all 50 U.S. states have hit an average of at least $4 per gallon,It's happening as global crude oil prices trade near $110 a barrel, and, while that price is below the recent highs seen in March, the elevated national average gas price could signal higher highs ahead of the summer travel season. AAA said as refiners switch to the more expensive"summer blend" of gasoline, the seasonal formulation can add up to $0.

Separate data measured Wednesday by the gas price tracking group GasBuddy.com shows one state, Oklahoma, was still one cent below the $4 average Wednesday. Its data also showed the average price in California had climbed above $6 for the first time. And it's not just the U.S. Gas prices in Canada also hit an all-time high this week, reaching $2 per litre for the first time, GasBuddy said.

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