Russia’s potential invasion of Ukraine is putting the U.S. on the doorstep of $4-per-gallon gasoline for the first time in nearly 14 years.
of Ukraine is putting the U.S. on the doorstep of $4-per-gallon gasoline for the first time in nearly 14 years.
The Biden administration and Democrats are considering a temporary suspension of the federal gas tax, which would lead to an immediate nationwide price cut of 18.4 cents per gallon.Gasoline prices have jumped from their early pandemic low of less than $2 to average $3.50 on Tuesday, according to AAA.
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