The average price for a gallon of gas in the US has risen for a fifth day in a row after interest rates set by the Federal Reserve increased to 3.25 percent amid fears of a global recession.

On Sunday, the price of a gallon of gas was benchmarked at $3.714 a gallon, the AAA reported.

Oil prices have only gone up since Wednesday morning, when the price per gallon dramatically increased to $3.681 per gallon from $3.674 a day earlier.