Already high gas prices could surge even higher as the world braces for the conflict between Russia and Ukraine to escalate.
Soaring US gas prices are likely to get even worse after Russia launched a full-fledged invasion of Ukraine — with some experts warning that costs could climb to $5 per gallon or higher in the coming months. As crude oil prices continue to surge, the national average of a...
The backdrop of global and domestic inflation in the United States was already worrying. Now, Russia’s invasion of Ukraine stands to potentially make the situation worse. The conflict has roiled global markets in recent days, causing stock market turmoil, sending oil prices higher, and injecting even more uncertainty into an already off-balance worldwide economy. It’s also sparked concerns that inflation, already running hot, could run even hotter. In the United States, the Consumer Price Index, which measures the average change in prices consumers pay for goods and services, was up by 7.5 percent over the past year in January. That’s a 40-year high. The hope was that inflation would soon start to come down, and that factors driving it, such as high gas prices and supply chain woes, would finally pass. Now, it appears that the situation could be quite the opposite.
New York (CNN Business) — Gas prices were rising rapidly even before Russia's invasion of Ukraine, but with the current shock to the oil market, $4 a gallon gas is now likely to be widespread across the country in a matter of weeks — if not sooner. The...
As Russian tanks rumble into Ukraine, Long Islanders are feeling the tremors of rising oil prices and gyrating equity markets. Gasoline prices are already up 31 cents in the past month, reaching an average of $3.73 as of Thursday afternoon, said Rober Sinclair, senior manager, public affairs, for AAA Northeast. The price of diesel fuel, meanwhile, has climbed from $3.82 to $4.24.
As global markets react to Russia's invasion of Ukraine, American motorists will be paying more for gasoline, but how much more is as uncertain as the outcome of the conflict now underway in Europe. "It's going to get worse here for anyone filling their tank up," Patrick De Haan, an...
Brent crude back below $100 a barrel as global shares rebound and Russian stocks, bonds and rouble recover, even as Russian troops advance on the Ukrainian capital
We're feeling the impacts of the Russian invasion in the Triangle, where gas prices spiked between 4 and 5 cents overnight. According to AAA, that's the largest increase in gas prices seen in a week. The average price for gas in Raleigh was $3.47 on Thursday. On Friday, it is...
President Biden wants you to know that Russia’s invasion of Ukraine will drive up oil prices. He warns that it may soon cost more to fill up your tank. He’s right, but don’t be deceived; that’s been the plan all along. Not, certainly, to foster war in Europe, but to push a hasty and ill-considered switch to renewable fuels, no matter the cost to consumers. Sadly, that has also been the program in Europe, which is now dealing with the ugly consequences of bowing to climate activists. The world still needs oil, and much of it is in the wrong hands.
(San Diego, CA) — Gas prices are still climbing. The Auto Club of Southern California (AAA) says the average price of regular, self-serve gas in Orange County is at $4.80 per gallon, while Riverside and San Bernardino Counties are neck and neck at $4.73 and $4.74 a gallon. Los Angeles County is the highest at $4.82, while Imperial County is the lowest in the region at $4.63. in San Diego County is up more than two pennies to about $4.78 per gallon. It’s the largest daily increase in gas prices for the area since October of 2019. Overall, the average price of gas in San Diego, CA has increased 21 times in the past 25 days.
California gasoline prices hit another record Thursday and are inching toward $5 a gallon — a level that could persist as Russia moves troops into Ukraine. "California could stay near or above $5 a gallon for a few months. It could get worse than that if Russia further inflames the situation," said Patrick De Haan, head of petroleum analysis at GasBuddy, which monitors prices.
HONOLULU (HawaiiNewsNow) - The next time you pull into a gas station, filling up is probably going to cost you more. Economists say Russia’s invasion of Ukraine is already having an impact on gas prices in Hawaii and they predict the average cost for a gallon of unleaded in Hawaii could hit $5 by Memorial Day.
Gas prices at the pump: This is what fuel is costing people in Houston area, across the US as Russia invades Ukraine
HOUSTON – As tensions continue amid Russia’s invasion of Ukraine, here is what you need to know about gas prices in the Houston area. AAA, the nonprofit American Automobile Association, said Friday gas prices are averaging $3.24 in Texas and $3.57 nationally. You can watch the prices here. The highest prices reported in the United States right now are in California, according to AAA, averaging at $4.79 a gallon.
Drivers in Springfield can expect gasoline prices to continue to rise after Russia invaded Ukraine. As of Thursday, the national average gas price is $3.54 per gallon, a 88-cent jump from this time last year, according to AAA. ...
ST. CLOUD — Already rising gas prices are expected to climb higher after Russia invaded the Ukraine. After Russian President Vladimir Putin sent troops to regions in the eastern Ukraine earlier this week, President Joe Biden announced sanctions against Russia for a "flagrant violation of international law." As of...
BAY COUNTY, Fla. (WJHG/WECP) - The Russia/Ukraine conflict is expected to hike up prices - especially when it comes to gas. Panama City Beach residents and snowbirds aren’t afraid to talk about how sticker shock at the pump is affecting them. “It’s been rough,” local resident Cody Herron said....
Santa Barbara Edhat
Vermont Business Magazine World crude oil prices have topped $100 a barrel as Russia invades Ukraine. Vermont gasoline prices have risen 22 cents over the last month as tensions rose in Europe. Prices are expected to continue to rise. In Vermont today, the average price of gasoline is $3.60 per gallon. This is also $1.02 higher than one year ago. The highest price in Vermont is $3.89 in Killington and the lowest is $3.34 in Brattleboro.