Skip to Content

As war in Ukraine intensifies, US gasoline hits record $4.17


AP Business Writer

The average price for gasoline in the US is hitting a record $4.17 per gallon as the U.S. bans Russian oil imports after its invasion of Ukraine. According to the AAA, the average price rose by 10 cents per gallon in one day, and it’s up 55 cents since last week. The all-time high was $4.10 per gallon in the summer of  2008 at $4.10 per gallon. The increase in gas demand and a reduction in total supply is contributing to rising prices at the pump,  but skyrocketing oil prices are playing an increasingly large role.  The price of benchmark U.S. crude jumped 8% Tuesday to more than $129 per barrel. 

Article Topic Follows: AP Texas

Jump to comments ↓

Associated Press


KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content