US Gasoline Prices Hit All-Time High of $4.17 Per Gallon, Automobile Association Says

© REUTERS / OCTAVIO JONESA couple fills up multiple 5 gallon gas tanks at a Wawa gas station, after a cyberattack crippled the biggest fuel pipeline in the country, run by Colonial Pipeline, in Tampa, Florida, U.S., May 12, 2021.
A couple fills up multiple 5 gallon gas tanks at a Wawa gas station, after a cyberattack crippled the biggest fuel pipeline in the country, run by Colonial Pipeline, in Tampa, Florida, U.S., May 12, 2021. - Sputnik International, 1920, 08.03.2022
Subscribe
The fuel prices in the United States spiked amid the economic sanctions imposed by the country against Russia over Moscow's ongoing military operation in Ukraine.
Gasoline prices in the United States have reached an all-time high, according to the data obtained by the non-profit American Automobile Association (AAA).
As the AAA says the price of a gallon of regular gas has reached $4.173 – the highest price ever recorded by the association.
Last Saturday, the AAA estimated the average gas price at $3.922, as Car and Driver magazine points out.
Fuel prices in the United States have skyrocketed amid the economic sanctions imposed by the country against Russia over Moscow's ongoing military operation in Ukraine.
A sculpture is seen outside a building of Venezuela's state oil company PDVSA in Caracas, Venezuela June 14, 2016.  - Sputnik International, 1920, 07.03.2022
Oil Prices Surge As US Pushes For Global Ban on Russian Fuel
The situation is further exacerbated by the fact that US President Joe Biden is expected to announce a ban on oil imports from Russia, as such a move would likely further drive the price of oil and gas up.
While the US, the UK and EU have already imposed economic sanctions against Moscow over the current situation in Ukraine, they have so far been reluctant to ban oil and gas imports from Russia due to concerns it might affect global energy supplies.
Meanwhile, energy giant Shell has already announced on Tuesday that it will stop buying Russian oil and natural gas.
Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала