Bottleneck Fuels Record-High Gas Prices

A shortage of fuel production facilities is pushing U.S. gasoline and diesel prices to record levels, just as drivers prepare for the summer driving season.

Gasoline prices hit $4 a gallon for the first time in all 50 US states in recent days, although global crude prices have fallen back from highs reached in the early days of Russia’s invasion of Ukraine. US oil prices are hovering around $115 per barrel, down from more than $120 per barrel in March. Bottleneck Fuels Record-High Gas Prices

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