The price for U.S. gasoline hit a record high, tracking a surge in global energy markets and showing how the war in Ukraine is having economic consequences
Russia’s attack on Ukraine helped push the price of oil to over $100 a barrel for the first time since 2014. Here’s how rising oil costs could further boost inflation across the U.S. economy. Photo illustration: Todd JohnsonThe price for U.S. gasoline hit a record high, tracking a surge in global energy markets and showing how the war in Ukraine is having far-reaching economic consequences.
The spiraling cost of filling up a tank adds fresh pressure on American households already dealing with the quickest inflation in decades, and
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