Russia’s invasion of Ukraine sparked gasoline prices to rise by more than 11 cents per gallon since Monday, AAA said Wednesday, pushing the cost to more than $5 and higher in some locations.
The national average for a gallon of regular gasoline reached $3.72, the auto club said. According to Energy Information Administration, the total domestic gasoline stocks decreased by 500,000 barrels to 246 million barrels last week.
Demand for gasoline, though, increased from 8.66 million barrels per day to 8.74 million barrels per day, creating the perfect storm to drive up gasoline prices.The West Coast led the nation in gasoline […]
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