Your eyes are not deceiving you: Gas prices are rising yet again.
On Wednesday, the national average for unleaded gasoline was $3.88 per gallon, according to AAA, the highest level since October.
But it’s still much higher than historical averages, even for summer, when prices tend to rise.
After Russia’s invasion of Ukraine in February, by comparison, gas prices soared more than 40 percent in less than four months.
High gas prices are a headache for elected officials and consumers, particularly less affluent Americans, and they present a challenge for policymakers at the Federal Reserve, who have sought to rein in rapid inflation over the past 18 months.
Persons:
it’s
Organizations:
AAA, Federal Reserve
Locations:
That’s, Ukraine