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Gas prices hit new record in US

May 11, 2022 / 7:09 AM
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Sharjah24 – AFP: US gas prices reached a record high Tuesday, as President Joe Biden said fighting inflation is his top domestic priority.
The average price at the pump hit $4.37 per gallon, according to the American Automobile Association (AAA), surpassing the last record of $4.33 set on March 11.

The average price per gallon a year ago was $2.97.

Crude prices were already on the up-and-up as inflation hit the economy's recovery from Covid-19. But prices skyrocketed after Moscow invaded Ukraine in late February, leading many global leaders to impose sanctions on Russia.

The record-high prices are upsetting Americans, as they come on top of a general 8.5 percent price increase compared to March 2021.

The public discontent has pushed the Biden administration to try to address inflation.
May 11, 2022 / 7:09 AM

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