Gas tops $4 per gallon average, 1st time since 2008
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.
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.
That represents the second largest jump in average national prices in a week, GasBuddy reported.
See Zee Business Live TV Streaming Below:
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.
The all-time high for average gasoline prices 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 energy sanctions on the country, which could have major global economic repercussions.
On Sunday, California had the highest average price per gallon among U.S. States at $5.29, while Missouri had the lowest at around $3.60.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
09:52 AM IST