U.S. gasoline prices edge lower after hitting record high last week

0
119
FILE PHOTO: People refuel their vehicles with gasoline at the Helios House, the first LEED-certified gas station in the United States, in West Olympic Boulevard in Los Angeles, California, U.S., March 10, 2022. Picture taken March 10, 2022. REUTERS/Bing Guan

March 13, 2022

By Stephanie Kelly

NEW YORK (Reuters) – U.S. gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week following Russia’s invasion of Ukraine.

Retail gasoline prices fell for the second straight day on Sunday to $4.325 per gallon, below a record of $4.331 hit on Friday, according to American Automobile Association data. Russia’s invasion of Ukraine in late February has roiled energy markets worldwide since, bringing more expensive fuel costs to motorists who have also been hit by higher inflation.

Oil markets have been volatile recently. Global benchmark Brent…

Read more…

LEAVE A REPLY

Please enter your comment!
Please enter your name here