US gasoline hits highest price since 2008

According to the American Automobile Association (AAA), the average price of gasoline today is $4,009 per gallon (3.79 liters), with the price reaching $5,288 per gallon in California and $3,831 per gallon in Utah.

The CNBC television channel pointed out that this is the highest price of this fuel, in the United States, since July 2008.

Fuel prices have soared this week, both in the United States and Europe, to the highest levels in a decade, on fears of a supply shortage, triggered by the Russian invasion of the ‘Ukraine.

Russia is the world’s largest exporter of crude oil and derivatives and its economy is now subject to severe sanctions from the United States, Europe and their allies, although they do not cover the sector Energy.

Experts have also expressed concern about the impact that rising energy prices could have on the inflation rate, which currently stands at 7.5% in the United States, a level not seen in decades.

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