Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway and Denmark as Russia’s war on Ukraine plays out in the global energy sector. On Wednesday, the U.S. national average at the pump rose to $4.567, up from $4.523 yesterday, and up from $3.043 a year ago, according to AAA. That’s a more than 50% rise in gas prices in a year. In California, gasoline hit an average Wednesday of $6.05, up from $6.021 yesterday, and $4.135 a year ago. The continued spike in gasoline prices in the United States prompted JPMorgan on Tuesday to warn that the explosive combination of Russia’s war on Ukraine and American summer driving demand could push gas prices even higher. “There is a real risk the price could reach $6+ a gallon by August,” Natasha […]