UNDATED -(77WABC)- Just a day after the record for the average cost of gas nationwide was broken, prices at the pump continued to climb on Wednesday, jumping an average of 8 cents.
USA Today reporting the national average for a regular gallon of gas is now $4.25, according to AAA. On Tuesday, the cost was $4.17, breaking the July 2008 record of $4.11, which would be around $5.25 today when adjusted for inflation.
Aside from inflation and loosened COVID-19 restrictions leading people to venture out more, Russia’s invasion of Ukraine remains a large factor behind rising prices. Sanctions put on Russia include the country’s selling of crude oil, which is one of the biggest factors in determining gas prices.
Russian crude oil only accounts for 3% of U.S. imports.
