Gas Prices Soar to 14-Year High, Leaving Consumers Reeling The US is bracing for a painful summer as gas prices continue to surge to a 14-year high, leaving drivers feeling the pinch in their wallets. According to recent data, the average price of a gallon of gasoline has surpassed $4.50, a stark increase from last year's prices. As the global economy struggles to recover from the pandemic, oil demand has rebounded, driving up prices and putting pressure on consumers who are already grappling with rising inflation. With the summer driving season just around the corner, many are worried about how they will afford to fill up their tanks, and policymakers are under pressure to find a solution to this growing economic headache.