The Big Insight: Current high gas prices are the result of a series of unique factors including COVID, the war in Ukraine, production and distribution limits, and the supply chain crisis, with even higher prices expected.
The average cost of a gallon of gas hit $4.60 this week — and analysts anticipate the cost to rise further over the summer. The high price is due to an unusual set of interlocking dynamics that will likely need bipartisan action to fix.
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