For the first time on record, every U.S. state now has an average gas price above $4 per gallon, AAA reported Wednesday. The national average stands at $4.56, with California leading at $6.15 and Georgia the lowest at $4.01. Seven states have already crossed the $5 threshold.
The milestone comes as the war with Iran approaches its third month, upending global oil markets and straining household budgets nationwide. Smaller businesses are feeling the pinch acutely, with profit margins eroding under higher transportation and logistics costs.