US gas prices are surging to their highest level since October 2022 – and economists are warning of an inflation ‘smile’

  • Date: 07-Aug-2023
  • Source: Business Insider
  • Sector:Oil & Gas
  • Country:Saudi Arabia
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US gas prices are surging to their highest level since October 2022 – and economists are warning of an inflation ‘smile’

The average gallon of gas traded at $3.89, its highest level since October 2022, thanks to oil supply cuts by Saudi Arabia and Russia.