How will the Russian oil ban affect gas prices? Your questions answered

President Joe Biden announced additional sanctions on Russia in retaliation for its invasion of Ukraine Tuesday, including a ban on oil imports. But how could this affect gas prices in the U.S.?

According to GasBuddy data, the U.S. national average set a new all-time record of $4.104 a gallon Monday, eclipsing 2008’s record.

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