WICHITA, Kan. (KSNW) – The gas price has reached record territory.
According to AAA, the national average is now $4.37, a new record, as oil prices remain over $100 a barrel.
Prices rose at a fast clip with the ascent accelerated by Russia’s invasion of Ukraine, which sent energy markets reeling.
Consumers are paying $1.41 more at the pump than last year.
In Wichita, the gas price is around $3.99 per gallon at most stations. Some places have jumped to $4.09 a gallon.
Diesel prices have also reached record highs averaging at $5.55 per gallon.
The climb doesn’t appear to be finished. Andrew Lipow, president of Lipow Oil Associates, expects prices for regular gasoline to rise another 15 to 20 cents over the next two weeks.