Why US gas prices are at a record and why they'll stay high for a long time
CNN
Russia's invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But it's not the only reason.
Numerous factors are combining to push gas prices up to a record. Gas hit $4.25 for a gallon of regular gas, according to AAA's survey Wednesday.
Gas prices were already expected to breach the $4 a gallon mark for the first time since 2008, with or without shots fired or economic sanctions imposed in Eastern Europe.
The United States and 16 other countries whose citizens were taken hostage by Hamas on October 7 are set to release a joint statement Thursday calling on Israel and Hamas to come to an agreement on the most recent ceasefire and hostages proposal, according to a US official – marking the latest move in the Biden administration’s push to bring to an end the Israel-Hamas war.