Gas prices in the US soar to a record high of $4.17 for a gallon of unleaded, according to AAA, breaking the previous high of $4.10 a gallon, set in July 2008.
Gas prices soared in the U.S. Tuesday to a record high of $4.17 for a gallon of unleaded, according to AAA, formerly theThat breaks the previous high of $4.10 a gallon, set in July 2008. When adjusted for inflation, that price would be about $5.37 in 2022.
The average price across the country rose 10 cents in a day and 55 cents since last week, according to AAA data. Pressure at the pump has only intensified since the Russian invasion of Ukraine two weeks ago and subsequent calls to ban Russian imports of oil. President Joe BidenThe high gas prices are happening in tandem with the elevated cost of crude oil. The price of Brent crude, an international benchmark, opened at $128.99 per barrel on Tuesday morning, a 4.6 percent increase from a month ago.
Russia was the world’s third-largest producer of petroleum products in 2020, after the U.S. and Saudi Arabia, according to the