Gas Prices Near Historic All-Time High

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The U.S. national average price for a gallon of regular gasoline reached $4.065. “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 said. Oil surged to a 13-year-high Sunday as U.S. officials considered a ban on Russian oil imports due to Putin’s invasion of Ukraine, and gas is near the $4.11 all-time high per gallon of 2008.