The Highest Gas Prices In US History, Breaking Record From 2008
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Diesel prices are close to the record $4.84 set in July 2008. A gallon of diesel costs $4.75. This is more than twice the price it was in October 2020.
The invasion of Ukraine by Russian military forces is one of the major causes of rising oil prices. USA TODAY’s Tom Kloza, chief global analyst at the Oil Price Information Service, stated that Russia is second in oil production behind the United States.
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Answer your questions: Why is gas pricing rising so fast? What is the expected rise in gas prices?
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