NEW YORK — The price of regular gasoline broke $4 per gallon (3.8 liters) on average across the U.S. on Sunday for the first time since 2008.
During the first full week of Russia’s invasion of Ukraine, the price of regular gas rose by almost 41 cents, according to the AAA motor club.
This is the largest increase in national average prices over a single week, GasBuddy reports.
“As Russia’s war on Ukraine continues to evolve and we head into a season where gas prices typically increase, Americans should prepare to pay more for gas than they ever have before,” Patrick De Haan, head of petroleum analysis for GasBuddy, said in a statement.
On July 17, 2008, the record for gasoline prices at average was reached at $4.10 per gallon.
Congress, President Joe Biden and the White House have yet to move against Russian oil imports or impose energy sanctions. These actions could have significant economic implications for global economies.
California had the highest average gallon price of any U.S. state at $5.29 on Sunday. Missouri was at the bottom at just $3.60.
