Gas tops $4 per gallon average for the first time since 2008

NEW YORK — The worth of standard gasoline broke $4 per gallon (3.8 liters) on common throughout the US on Sunday for the primary time since 2008.

In the course of the first full week of Russia’s invasion of Ukraine, the worth of standard gasoline rose by nearly 41 cents, in line with the AAA motor membership.

That represents the second largest leap in common nationwide costs in every week, GasBuddy reported.

“As Russia’s battle on Ukraine continues to evolve and we head right into a season the place gasoline costs usually enhance, Individuals ought to put together to pay extra for gasoline than they ever have earlier than,” Patrick De Haan, head of petroleum evaluation for GasBuddy, mentioned in an announcement.

The all-time excessive for common gasoline costs was set in July 17, 2008 at $4.10 per gallon.

Neither President Joe Biden nor Congress has moved to ban the import of Russian oil or place power sanctions on the nation, which may have main world financial repercussions.

On Sunday, California had the best common value per gallon amongst US states at $5.29, whereas Missouri had the bottom at round $3.60.

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