Plans take effect next week that would ban most Russian oil imports from Europe and put a price cap on the oil going elsewhere. But Russia could still make money off oil to fund its war in Ukraine.
The move has to be adopted unanimously, and Hungary — with a state oil company dependent on Russian imports and a populist leader friendlier toward Putin than most — has refused to go along.
As of Monday, the average cost of a gallon of regular fuel is now $4.325, according to AAA. Both ride-share companies say they're adding surcharges to deal with the spike in gas prices in the U.S.