Gasoline prices hit a new record on May 31 after the European Union agreed to a partial ban on Russian oil imports by the end of 2022 as part of the sixth package of sanctions against Russia over its invasion of Ukraine.
In the United States, prices at the pump rose to a national average of $4.622 per gallon, according to AAA, up from $4.619 on May 30 and $4.598 a week ago.
The price surge marks an increase of $1.576 from this time in 2021.
In the United Kingdom, gas prices rose to 173.02 pence per liter ($2.18) on May 31, according to the British automotive services company, RAC, which monitors both wholesale and retail fuel prices daily….