The U.S. national average price for a gallon of regular gasoline notched $4.065 Monday as supply disruptions continue to drive up oil prices to new highs, according to AAA.
“Supply disruptions are getting worse as oil traders, vessel owners, governments, ports, and dock workers do not want to touch anything related to Russia,” Lipow Oil Associates President Andy Lipow told FOX Business, commenting on the escalating war in Ukraine.
Gas is now a nickel shy of an all-time high of $4.11 per gallon reached in July 2008.
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