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A surprise production cut announcement this week from Saudi Arabia and several other OPEC+ oil producers complicates the Federal Reserve's mission to cool the economy and could worsen inflation in
AAA says some states have experienced significant hikes in gas prices over the past month, including Colorado (98 cents), Georgia (70 cents), and Delaware (62 cents).
Refineries have been sidelined by extreme weather as well.
Russia's currency hit an eight-month low Thursday, adding to sharp declines in December as global oil prices fell, and Western sanctions targeted Russia's energy sector.
The global economy has endured a tough year, with decades-high inflation sapping post-lockdown spending and pushing central banks to hike borrowing costs at an unprecedented clip to bring it under