US Gasoline Prices Edge Lower After Hitting Record High Last Week

US Gasoline Prices Edge Lower After Hitting Record High Last Week
People refuel their vehicles with gasoline at the Helios House, the first LEED-certified gas station in the United States, in West Olympic Boulevard in Los Angeles on March 10, 2022. Bing Guan/Reuters
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NEW YORK—U.S. gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week following Russia’s invasion of Ukraine.

Retail gasoline prices fell for the second straight day on Sunday to $4.325 per gallon, below a record of $4.331 hit on Friday, according to American Automobile Association data. Russia’s invasion of Ukraine in late February has roiled energy markets worldwide since, bringing more expensive fuel costs to motorists who have also been hit by higher inflation.