Gas Prices

Could the pain at the pump bring pain to the airline ticket counters? An expert with AAA weighs in.

The price of regular gasoline on average across the U.S. hit an all-time high on Tuesday at $4.173, surpassing a record previously set in 2008.

The move follows pleas by Ukrainian President Volodmyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission the massive sanctions put in place on Russia over the invasion.

Amid rising gasoline prices in the U.S. — the average price has topped $4 a gallon for the first time since 2008 — the Biden administration has faced growing pressure to impose further sanctions on Russia, including a ban on oil imports.

Shell says it will stop buying Russian oil and natural gas, and that it will shut down its service stations and other operations in the country.

The decision comes just days after Ukraine’s foreign minister criticized Shell for continuing to buy Russian oil, lashing out at the company for continuing to do business with President Vladimir Putin’s government.

Reducing your speed on the highway can increase your car's fuel economy between 7-14%, according to AAA.

Gas is now a nickel short of the highest-ever recorded average price in the U.S., which was set on July 17, 2008, at $4.10 per gallon.

GasBuddy predicts the U.S. national average price of gas could reach up to $4.25 in May 2022 and remain above $4 per gallon through October.