Gas prices hit new all-time high as EU considers blocking Russian oil, Biden keeps restrictions
(FOX News Business)

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.