US gas prices surged at the highest rate on record last week, jumping to $4 a gallon across the United States and topping $7 at some stations in southern California and New York City.

“Supply disruptions are getting worse as oil traders, vessel owners, governments, ports, and dock workers do not want to touch anything related to Russia,” Lipow Oil Associates President Andy Lipow told FOX Business.

“The actions we’ve taken to date have already had a devastating impact on the Russian economy,” said Secretary of State Antony Blinken. “We’ve seen the ruble in free fall. We see the economy heading into a deep recession. We’ve already had a major impact, but we are looking, again, as we speak, in coordination with allies and partners at this prospect of banning oil imports.”

“We have more oil than anybody. You’re playing $2 for a gallon of gasoline. That’s like a tax cut. That’s better than tax cut. If Biden got in, you’d be paying $7… Then they’ll tell you to get rid of your car,” explained Trump in 2020.

 

Watch the moment above.