American motorists are paying a record price at the gas pump this week, as the sanctions on Russia for its invasion of Ukraine disrupt global energy shipments and jack up the cost of energy. The national average price of a gallon of gas was $4.25 as of the morning of March 9, according to the American Automobile Association (AAA). On March 8, the cost was $4.17, shattering the previous record of $4.11 from July 2008. The national average was hovering at roughly $3.46 just one month ago and was just $2.77 per gallon one year ago. Americans were facing high inflation well before the Russian invasion of Ukraine, due to supply chain issues and an economy shaken by the pandemic. Rising energy costs are a key factor in driving up inflation and the crisis in Ukraine is not expected to improve things. Economists are expecting the upcoming Consumer Price Index to show …
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