Tags: gas prices 4.17 a gallon | russian oil ban

Average Price for a Gallon of Gas in US Hits a Record $4.17

gas $4.17 a gallon
A customer pumps gasoline into his car at a Sam's Club fuel island in Gulfport, Miss. The average price for a gallon of gasoline in the U.S. hits a record $4.17 on Tuesday, March 8, as the country prepares to ban Russian oil imports. (AP)

Tuesday, 08 March 2022 10:51 AM EST

The average price for a gallon of gasoline in the U.S. hit a record $4.17 Tuesday as the country prepares to ban Russian oil imports.

The average price rose by 10 cents per gallon in one day, and it’s up 55 cents since last week, according to AAA data.

Gasoline stocks in the U.S. fell last week even as demand is on the rise with summer approaching.

The increase in gas demand and a reduction in total supply is contributing to rising prices at the pump, but skyrocketing oil prices are playing an increasingly large role.

The price of benchmark U.S. crude jumped 8% Tuesday to more than $129 per barrel.

Americans can expect the current trend at the pump to continue as long as crude prices climb, the AAA said.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


StreetTalk
The average price for a gallon of gasoline in the U.S. hit a record $4.17 Tuesday as the country prepares to ban Russian oil imports.
gas prices 4.17 a gallon, russian oil ban
131
2022-51-08
Tuesday, 08 March 2022 10:51 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved