FARMERSBURG, Ind. (WTWO/WAWV) — It’s going to be a long year for motorists, as gas prices set a fresh record at the pump today, rising above the previous all-time high of $4.35 per gallon set on March 10.

According to GasBuddy, the national average price of gas is now $4.36 per gallon and could continue to climb through Memorial Day as summer road trip season begins and oil prices remain volatile. In addition, the soaring price of diesel also set a new all-time record of $5.53 per gallon today.

After prices spiked in March they began to decrease slightly, but according to GasBuddy, the threat of the European Union sanctioning Russian oil has caused the price to rebound and increase yet again. Just in the last seven days, the national average rose over 15 cents per gallon, bringing it to today’s record price.

“Liquid fuels have turned into liquid gold, with prices for gasoline and diesel spiraling out of control with little power to harness them as the imbalance between supply and demand globally continues to widen with each passing day. Russia’s oil increasingly remains out of the market, crimping supply while demand rebounds ahead of the summer driving season,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “There’s little, if any, good news about fuel prices heading into summer, and the problem could become worse should we see an above average hurricane season, which could knock out refinery capacity at a time we badly need it as refined product inventories continue to plummet.”

Looking at Indiana specifically, AAA is reporting a cost that’s slightly lower than the national average for regular fuel at $4.32. Terre Haute’s average as of 1:15 p.m. was listed at $4.28. A jump of 12 cents in the last 24 hours.

Across the state line into the land of Lincoln and prices jump on average quite a bit. According to AAA, the state of Illinois has an average price per gallon of $4.69. Clark and Jasper counties as of 1:15 p.m. were showing the lowest average price at $4.34 and $4.31 respectively, while Edgar county shows an average of $4.52 per gallon.