Oil Price Soars To Highest Level Since 2008

If you had to fill up your vehicle with gas over the weekend, you probably noticed this right away.

  • Prices at the pump have jumped 11% over the past week, the highest since July 2008, as global sanctions have hit Russia's ability to export crude oil after its invasion of Ukraine.
  • AAA said the average for a gallon of gas in the U.S. topped $4.00 on Sunday, up from $3.60 a week ago -- and up 45% from $2.76 a year ago.
  • The most expensive gas in the country is in California at $5.28 a gallon, followed by Hawaii ($4.69), Nevada ($4.52), and Oregon ($4.46), according to AAA.
  • How much worse do you think it will get?

Photo Credit: Getty Images


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