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Gas Prices in U.S. Climb Above $4 a Gallon

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The national average price on Sunday was $4.009 a gallon, approaching a record set in 2008.
Gas prices in the United States are climbing to their highest level since 2008, as Russia’s invasion of Ukraine disrupts the global energy market. The average price of a gallon of gas reached $4.009 on Sunday, according to AAA, a 57-cent increase from a month ago. The all-time high was in July 2008, when the average price hit $4.114 a gallon. (When factoring inflation, that would be equivalent to $5.25 a gallon today.) Russia’s increasingly violent war against Ukraine, forcing more than a million residents to flee, has set off intense volatility in the energy markets, partly because Russia provides 10 percent of the world’s oil and more than a third of the natural gas consumed in the European Union.

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