$5 Gas By Memorial Day? Record Price Surge Could Last ‘Months’ As US Isolates Russia Energy Exports

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The Street

By TheStreet Staff The biggest one-week surge in gas prices on record showed no signs of easing Tuesday as average pump prices hit an all-time high of $4.104 gallon across the U.S. U.S. gasoline prices are set for another day of record highs Tuesday as crude prices push higher amid plans for a U.S.-lead boycott of Russian crude exports. The White House has indicated that it may go it alone in shunning the 5 million to 7 million barrels of Russian crude sold on global markets each day – although that figure represents on a small total of overall U.S. imports. In fact, a Congressional bill that …

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