The price of a gallon of regular gasoline hit a historic milestone over the weekend and continues to move higher.
The price on Sunday morning rose to $ 5.01, according to AAA.
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Gas hit the $ 5 mark on Saturday morning for the first time ever as part of a record setting run.
The average price jumped 18 cents in the previous week, and was $ 1.92 higher than this time last year.
GAS PRICES HIT $ 5 NATIONWIDE FOR FIRST TIME IN OVER 2 DECADES
There is very little evidence that the price will drop anytime soon.
The cost of energy has been a major component making up the highest inflation the US has seen in 40 years.
It may be hard to remember, but in April 2020 prices for gas fell to $ 1.80 per gallon, pushed lower by the coronavirus pandemic, according to government figures.
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A year later the price hit $ 3 and shot past $ 4 this March.
State averages have ranged from $ 6.43 a gallon in California to $ 4.52 in Mississippi.
Global oil prices have been rising since December. The price of international crude has roughly doubled in that time, with the US benchmark closing Friday at more than $ 120 a barrel.
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Russia’s invasion of Ukraine and the resulting sanctions by the US and its allies have contributed to the rise.
The Associated Press contributed to this report.