Refinery Explosion Threatens To Send Gasoline Prices Soaring

Gasoline prices have risen for eight straight weeks, according to new data published by Gas Buddy on Monday. And a major refinery explosion in New Orleans could threaten to send gasoline prices even higher. U.S. national gasoline prices were on the rise early on Monday, climbing 3.2 cents from a week ago to reach $3.52 per gallon as tensions between Ukraine and Russia flared. “With tensions still very high that Russia may invade Ukraine, gasoline prices kept moving higher, tugged by the rising price of oil as the market concentrates on possible…