For the first time in history, U.S. motorists are facing the specter of forking over $5 for a gallon of regular gas. Gas prices have more than doubled in two years, with the current price of $4.95 a gallon an all-time high thanks to a rare and egregious combination of health, economic, and geopolitical forces manifesting themselves at the pump.
The big culprit, of course, has been the relentless march by crude prices, with WTI prices jumping 57% since the beginning of the year, thanks in large part to Russia's war on Ukraine. Crude oil accounts…Is $5 Gasoline The Limit For U.S. Consumers?
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