US gas prices rise to $4 for the first time since 2008

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US gas prices rise to $4 for the first time since 2008

The national average for a gallon of gas has topped $4 in the US for the first time since 2008 – an increase of nearly 50 cents since Russia launched its invasion into Ukraine 11 days ago.

The national average hit $4.009 cents on Sunday, according to AAA, just over 10 cents short of the $4.114 average recorded in July 2008. Prices jumped roughly 9 cents since Saturday and 47 cents since Russia’s invasion began.

California had the highest average at $5.288 per gallon and Missouri the lowest at $3.599. New York’s average was $4.207.

Lawmakers have called on the Biden administration to ban imports on Russian gas and oil in response to the Ukraine invasion. White House press secretary Jen Psaki said Friday that President Biden is “looking at options” — but only if it can be done without raising gas prices.

On Sunday, Secretary of State Antony Blinken said the US is in “active talks” with European allies about the prospect of banning Russian oil, further isolating the Russian economy.

“The actions we’ve taken to date have already had a devastating impact on the Russian economy,” he said on NBC. “We’ve seen the ruble in free fall. We see the economy heading into a deep recession. We’ve already had a major impact, but we are looking, again, as we speak, in coordination with allies and partners at this prospect of banning oil imports.”

Gas Prices in the United States have risen to over four dollars for the first time since 2008.
Gas prices in the United States have risen to over $4 for the first time since 2008.
REUTERS/Caitlin Ochs/File Photo
The price hike comes as President Biden announced that he will be announcing sanctions against Russian fuel exports due to the conflict in Ukraine.
The price hike comes as President Biden announced that he will be announcing sanctions against Russian fuel exports due to the conflict in Ukraine.
Christopher Sadowski
Prices jumped roughly 9 cents since Saturday and 47 cents since Russia's invasion began.
Prices jumped roughly 9 cents since Saturday and 47 cents since Russia’s invasion began.
Christopher Sadowski
A map detailing the rise in gas prices across the US.
A map detailing the rise in gas prices across the US.
Price of gas for regular at $4.99 for self serve at the BP gas station on the FDR Drive service road.
Price of gas for regular at $4.99 for self serve at the BP gas station on the FDR Drive service road.
Helayne Seidman

During Biden’s State of the Union address last week, the president announced the US is tapping into 30 million barrels from its Strategic Petroleum Reserve to curb costs at the pump.

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