Gas Prices Up in Wake of Russian Invasion of Ukraine
UNDATED -- The average gas prices in Minnesota have risen 4.9 cents per gallon in the last week, averaging $3.45.
The national average price of gas has risen 7.5 cents a gallon in the last week, averaging $3.59.
Gas Buddy says the Russian invasion of Ukraine has sparked high-level concern that oil production could eventually be stifled, or even sanctioned, by the world's second-largest oil producer, leading to less supply as demand grows.
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In addition, we're also heading into the time of the year that seasonally pushes gasoline prices up by anywhere from 25 to 75 cents by Memorial Day.