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Thanks, Putin: Gas Prices Hit Another Record

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01.06.2022

On Wednesday, U.S. gas prices hit an average of $4.67 a gallon, the highest ever recorded. (Important caveat: Adjusted for inflation, they’re still significantly lower than in 2008, when they peaked around $4.11 per gallon, or about $5.52 today.)

As CNN notes, Wednesday’s price is a 32 percent increase from February 24, when Russia invaded Ukraine. The average price in several states exceeds $5 a gallon, and in one state — California — it’s over $6. (New York is at $4.93.) There’s no sign that these high numbers will moderate anytime soon; in fact, they’re expected to get worse, at least in the short term. And with........

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