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
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.