Gasoline is traditionally cheaper in the USA than in Germany, for example. But Americans have never had to dig as deep into their pockets at the gas station as they do now.
The price of gasoline in the US has risen above the psychologically important mark of five dollars a gallon for the first time.
The national average price for regular unleaded gasoline on Saturday was $5,004 a gallon, according to a survey by the US Automobile Association (AAA). Converted, this corresponds to a price of 1.26 euros per liter. Gasoline is therefore still significantly cheaper in the USA than in Germany. However, prices have risen drastically in recent months.
Fuel prices rose 48.7 percent in May compared to the same month last year, according to a survey by the Department of Labor. Energy prices are among the main drivers of inflation, which in the US has climbed to its highest level in more than 40 years. Overall, consumer prices rose by 8.6 percent in May compared to the same month last year, as the ministry announced on Friday.