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It's Not Just Gas: Surging Oil Prices Are Making More Things Expensive

Turmoil in energy markets is raising prices for everything from Uber rides to toys.

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Gas Prices Top $6 Per Gallon in California

Energy prices were rising even before Russia invaded Ukraine. Now, the war and resulting bans on Russian oil imports are sending crude skyrocketing, raising prices for everything from Uber rides to children’s toys.

Oil prices are currently above $110 a barrel, after surging as high as $130 earlier this month. The average price of U.S. gas has surpassed $4 a gallon, and is near $6 in the most expensive state of California.