The United States and European Union issuing sanctions on Russian energy exports, namely crude oil and natural gas, have caused global energy prices to rise… 09.03.2022, Sputnik International
On Tuesday, the US set a new record for the average cost of a gallon of gasoline. The $4.173 national average overtook the previous high of $4.114 in July of 2008. The prices are not inflation-adjusted. The ban on Russian oil is unlikely to directly inflate the cost of gasoline in the US.