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Gasoline prices in the US are at record highs

Gasoline prices in the United States rose to a record high, at an average of $4,173. The rise in futures signals a further increase...

Gasoline prices in the US are at record highs
Yazar: James Gordon

Yayınlanma: 9 Mart 2022 04:07

Güncellenme: 6 Kasım 2024 20:21

U.S. drivers are making the highest payments in history for gasoline as the war in Ukraine threatens the global oil supply.

According to the data published by AAA on its website, the price of gasoline per gallon in the country reached its highest level since 2000 at $4,173. Government data shows that prices have not risen this much before.

In California, the most expensive region for drivers, prices rose to $5,444 per gallon. Prices are not expected to drop in the near term.

Rising fuel prices are a major problem for President Joe Biden's government. Biden's efforts to curb the rise in oil costs and inflation have yet to yield positive results.

According to data from the US Energy Information Administration, crude oil imports from Russia account for 3 percent of total oil shipments, but together with other petroleum products, in 2021 the United States' total imports from Russia accounted for about 8 percent.

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