U.S. gasoline average pump price tops $5/gallon in historic first
The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 a day earlier, AAA data showed.
Yet fuel prices have been surging around the world due to a combination of rebounding demand, sanctions on oil producer Russia after its invasion of Ukraine, and a squeeze on refining capacity. Still, economists expect demand may start to decline if prices remain above $5 a barrel for a sustained period.
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