$4 A Gallon Gas Already Here, Oil Still Charging Higher

If you live in Chicago, Long Island (NY) or Manhattan, you already know what $4 a gallon gas feels like. Across the US, the average price of gasoline has reached a record-breaking $3.79. Call us old fashioned, but it’s hard to join the “economy is already recovering!” chorus in the face of this.

The average price of a gallon of gas across the major US metro areas, from CNN:

–Chicago, Illinois: $4.07

–Long Island, NY: $4.01

–Denver, Colorado: $3.64

–Houston, Texas: $3.65

–Minneapolis, Minnesota: $3.71

–Portland, Oregon: $3.77

–Atlanta, Georgia: $3.78

–Washington, D.C.: $3.82

–Hartford, Connecticut: $3.98

–San Francisco, California: $3.98

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.