Gasoline prices hit a record high, again

consumer prices
Gasoline prices are displayed at a gas station in Vernon Hills, Ill., Friday, April 1, 2022. (AP Photo/Nam Y. Huh)

U.S. gasoline prices reached another record high on Tuesday as Russia’s war in Ukraine continues to roil oil markets.

The average cost of a gallon of regular fuel hit $4.374, according to data from AAA. That’s the highest ever, not adjusting for inflation, surpassing the previous record high of $4.331 a gallon set in March, soon after Russia’s invasion of Ukraine.

A year ago, gasoline prices were trading at just under $3 a gallon, according to AAA.