Gasoline Soars Above $4 a Gallon for Most U.S. Drivers
- Pump prices are just cents away from record high: GasBuddy
- Oil has soared on supply fears after Russia invaded Ukraine
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The average price of gasoline in the U.S. jumped above $4 a gallon for the first time since 2008 in a clear sign of the energy inflation that’s hurt consumers since Russia invaded Ukraine.
Pump prices jumped 41 cents in the past week and are 10 cents away from the record of $4.103 a gallon, said Patrick DeHaan, head of petroleum analysis at GasBuddy LLC. Motor fuel has followed skyrocketing oil prices, which notched the biggest weekly gain in history as buyers avoid supplies from Russia, the world’s second-biggest exporter.