The average cost of a gallon of gasoline in Massachusetts has soared 8 cents in the past week as the war in Ukraine drives up the price of crude oil on the international market, which in turn is felt at the pump in the U.S., AAA Northeast said Monday:
Drivers in Massachusetts are spending an average of $3.62 per gallon now, 24 cents higher than one month ago and 98 cents more than one year ago.Crude oil spiked briefly to more than $100 per barrel before settling back into the mid-$90s.
"Russia's invasion and the responding escalating series of financial sanctions by the U.S. and its allies have given the global oil market the jitters," A AAA spokesperson said in a statement."Like the U.S. stock market, the oil market responds poorly to volatility. It's an explosive situation, and a grim reminder that events on the far side of the globe can have a ripple effect for American consumers.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Average US gas price spikes 10 cents over 2 weeks to $3.64The average U.S. price of a gallon of regular-grade gasoline spiked 10 cents over the past two weeks to $3.64 per gallon.
Weiterlesen »
Sanders Urges Tax on Windfall Oil Profits as Companies Exploit Ukraine CrisisAs oil companies seek to profit off of Russia’s invasion of Ukraine, Bernie Sanders is calling for officials to place a tax on oil profits and implement price controls in order to lessen the effects of the crisis on the public.
Weiterlesen »
AAA: Florida gas prices rise amid invasion of UkraineFlorida gas prices rose another 6 cents last week, AAA said.
Weiterlesen »