Oil and gas prices soar 1:04
New York (CNN Business) --
American drivers have never paid more for gas.
The price per gallon of regular gasoline reached US$4.14, according to the Oil Price Information Service, an agency that collects and calculates prices for PRASA.
The median price hit $4 a gallon over the weekend for the first time in 14 years, and the new price broke the previous record of $4.11 a gallon that had stood since July 2008.
As Russia continues its invasion of Ukraine, gasoline prices are rising at the fastest rate since Hurricane Katrina pummeled the US Gulf Coast and much of the nation's oil and refining industry. 2005.
Russia is one of the world's leading oil exporters, with most of its production going to Europe and Asia.
According to Department of Energy data, Russian oil only accounted for 2% of US imports in December.
But oil is traded on global commodity markets, so the impact is being felt everywhere.
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