Europe reveals new Russia sanctions

Published June 3, 2022 3:00am ET



Gas prices continue to surge to unprecedented heights as Western governments ramp up sanctions against oil-rich Russia for its assault on neighboring Ukraine.

On Wednesday, the average price of regular unleaded gas in the United States hit $4.67 per gallon, according to AAA, setting the latest record since Russia launched its invasion earlier this year. A year ago, the average price at the pump was around $3 per gallon.

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