Gas prices near $5 per gallon, record fuel costs boost businesses, US economy

As US gasoline prices approach a record average of $5 per gallon, fuel costs are spreading to nearly every corner of the business, with signs emerging that rising spending is beginning to alter consumer behavior.

According to AAA, the price of regular gasoline averaged $4.97 on Thursday, up about 26 cents from last week and about $2-a-gallon more than last year. US economy recovers from pandemic slows as prices continue to rise Paused demand for travelBy road and air, and with many returning to work.