NEW YORK (AP) — The price of regular gasoline dropped an average of $4 per gallon (3.8 liters) in the US for the first time since 2008 on Sunday.
During the first full week of Russia’s invasion of Ukraine, regular gas prices rose nearly 41 cents, according to the AAA Motorcycle Club.
That’s the second largest increase in average national prices in a week, GasBuddy reported.
“As the Russian war on Ukraine continues to evolve and we enter a season where gas prices typically rise, Americans must prepare to pay more for gas than ever before,” Patrick De Haan, chief of petroleum analysis at GasBuddy, said in a statement. . statement.
The all-time high for the average gasoline price was set at $4.10 per gallon on July 17, 2008.
Neither President Joe Biden nor Congress have taken steps to ban Russian oil imports or impose energy sanctions on the country, which could have major global economic consequences.
On Sunday, California had the highest average price per gallon of the US states at $5.29, while Missouri had the lowest at about $3.60.
