economy

(The Center Square) - Gas prices have hit record highs day after day in recent weeks, breaking the $5 mark over the weekend for the first time ever.

Those higher prices have put many Americans in a bind as they also deal with the highest inflation in decades. 

The national average price for a gallon of regular unleaded gas hit a record high $5.01 Monday, up from $4.43 a month ago and much higher than the price of $3.08 this time last year.

All 50 states around the country have seen major price hikes, though some more than others.

Americans expect inflation to get worse and are not confident in the U.S. economy, according to a new survey.

A day after the average price of a gallon of gas hit the $5 mark nationally for the first time in history, prices ticked up again overnight to set another new record Sunday.

Average U.S. gas prices crossed the $5 threshold for the first time ever Saturday, further stressing Americans struggling to make ends meet as inflation continues to soar.

Inflation surged at the fastest pace in over 40 years in May 2022, pushing the Federal Reserve toward a more aggressive pace of interest rate increases to slow it down.

Utah has the second-best economy among the 50 states and the District of Columbia, according to a new report.

The price of food, gas and other consumer goods spiked again in May, as inflation is forcing Americans to make tough decisions about how to spend their money.

Gas prices hit yet another record Friday as they teeter on the edge of a national average price of $5 per gallon of regular gas.

Colorado is among the top 10 states for home price growth in April, according to a recent price report.

Coloradans are not likely to see much relief in their utility bills any time soon, as a late May cold spell gives way to the full heat of summer.