Why Are Gasoline Prices So High? Ukraine-Russia War Sparks Price Increases Across U.S.
U.S. gasoline prices have reached records above $4 a gallon, threatening to hamper economic growth, lift already high inflation and cut down on summer road trips.
The reopening economy already had lifted prices from pandemic lows, but the rise turned into a surge after Russia’s invasion of Ukraine. Here are the factors driving up prices.
