Gas Prices Hit Record Highs This August | Columbia News

Gas prices are hitting historic highs this August, with the national average surpassing $4 a gallon daily — the first time ever — and poised to shatter Labor Day records. Global conflicts, especially in Ukraine and the Middle East, are tightening oil supply and crippling refining capacity, particularly from Russia. Even traditionally affordable states like South Carolina are seeing steep increases, with prices up nearly 50 cents since last year. Unless conditions improve, travelers can expect the most expensive Labor Day gas prices on record — and it’s not just about crude oil anymore; refinery shortages are locking in these sky-high costs. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/76d393cc25016411