U.S. Gas Prices Hit All-Time High Amid Talks of Banning Russian Oil

Gas prices in the United States hit a new all-time high of $4.17 a gallon amid talks of banning Russian oil over the country’s invasion of Ukraine.

CNN reports that gas prices in the States have hit a national average of $4.17 a gallon, breaking the previous record of $4.11/gallon in July 2008. Gas prices have been rapidly rising since Russia began its military invasion of Ukraine, breaking the $4 mark on Sunday and rising further on Monday. That price is an increase of 55 cents over the last week, and 63 cents since Russia started its invasion of Ukraine on Feb. 24.

A number of Republicans and a few Democrats in the House and the Senate have backed suggestions to ban Russian crude oil to put further pressure on Russia’s President Vladimir Putin, the Associated Press reports. House Speaker Nancy Pelosi is one of the Democrats to voice her support for the move. On Sunday, Secretary of State Antony Blinken said the U.S. and certain allies had begun talks regarding a ban “while making sure that there is still an appropriate supply of oil” in the world.

This story is being updated.