NPR – U.S. gasoline prices set a new national record on Tuesday as global crude prices have surged following Russia’s invasion of Ukraine.
The average cost of a gallon of regular fuel is now $4.173, according to AAA. That’s the highest ever recorded, not accounting for inflation, surpassing the $4.114 high-water mark set in the summer of 2008. (That would be about $5.37 in today’s dollars.)
The U.S. and its allies have imposed intense financial sanctions on Russia after the country’s invasion of Ukraine, but have so far avoided directly targeting Russian energy shipments.
