Gas prices hit new all-time high as EU considers blocking Russian oil, Biden keeps restrictions
May 10, 2022 at 04:09 AM EDT
Gas prices hit a new all-time high on May 10, 2022, amid rising inflation and President Biden's restrictions on oil and gas production. The prices come as the European Union edges toward oil sanctions on Russia amid the Kremlin's invasion of Ukraine. It also comes amid record-high inflation, with the consumer price index reaching 8.5% in March.
