Gas prices continued to climb Monday, rising to just short of a record high. At their skyrocketing pace, the price per gallon record of $4.11 will probably be broken in just a day or two.
The average price of a gallon of regular gas hit $4.07, according to AAA's survey taken Sunday at 140,000 stations nationwide. That's up 6 cents from the previous day's average.The average price hit $4 a gallon over the weekend for the first time in 14 years. The record high was set in July 2008.
But traders have been reluctant to purchase Russian oil because of uncertainty about closing transactions given the limits on the country's banking sector, as well as concerns about finding oil tankers willing to dock in Russian ports."Gas prices will skyrocket every day unless there is a breakthrough that ends the de facto boycotts for Russian oil," said Kloza.
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