As of Tuesday morning, the average cost for a gallon of gas in the country is $4.17 per AAA. The current price is up approximately 10 cents from Monday and more than 50 cents from last week. Costs are expected to continue to rise throughout the year. usatoday.com/story/money/20…
The sanctions put on #Russia by the U.S. and #EuropeanUnion severely impacted Russia's ability to sell crude oil, one of the biggest determiners for gas prices. Since the country is one of the biggest energy suppliers, crude oil prices have dramatically risen.
Another contributing factor is the loosening of COVID-19 restrictions across the country. With mandates lifted or softened, people will be out more, coinciding with the typical rise of gas costs coming as summer approaches.
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