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Gas Prices and Driver Frustration Rise

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Driver frustration and gas prices are headed in the same direction as a sudden spike in the cost of fuel has hit stations everywhere. “Everything goes up,” said a driver. “I’m not happy.” “If I drive 150 miles a day or something, then that’s a killer,” another driver said. Just last week the price was $3.88 per gallon. The national average price per gallon is $4.24. The record is $4.33. “Like everyone else, it hits rock bottom. I have to drive to work, go places,” Kyle Murphery said. The spike comes after the European Union proposed to ban imports of Russian oil due to the invasion in Ukraine. The ban would go into effect in six months. Withdrawing Russian oil from the European oil market is one layer of a multi-layered problem according to King Operating CEO Jay Young. “It’s all about supply and demand for the United States,” Young said. “At the end of the day, that’s what it’s all about and that’s what we don’t have right now. We don’t have the supply that we had before the pandemic.” Young said said drilling restrictions and lack of incentives prevent oil companies from responding quickly to the problem.

Driver frustration and gas prices are headed in the same direction as a sudden spike in the cost of fuel has hit stations everywhere.

“Everything goes up,” said one driver. “I am not happy.”

“If I drive 150 miles a day or something, then that’s a killer,” another driver said.

According to AAA, average gasoline prices in Ohio were $4.07 a gallon on Thursday. Last week the price was $3.88 per gallon.

The national average price per gallon is $4.24. The record is $4.33.

“Like everyone else, it hits the bottom line. I have to drive to work, to places,” Kyle Murphery said.

The spike comes after the European Union proposed to ban imports of Russian oil due to the invasion of Ukraine. The ban would take effect in six months.

According to King Operating CEO Jay Young, removing Russian oil from the European oil market is one layer of a multi-layered problem.

“It’s a question of supply and demand for the United States,” Young said. “At the end of the day, that’s what it’s all about and that’s what we don’t have right now. We don’t have the supply that we had before the pandemic.”

Young said drilling restrictions and a lack of incentives prevent oil companies from responding quickly to the problem.