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Russia’s invasion of Ukraine has started to impact the prices at the pump, which could have a knockdown effect on the housing market.

How high are gas prices right now?

The national average for a gallon of gas recently hit $4.06, which is the highest since July 2008, according to AAA.

  • That might not slow down as the average price is expected to hit a new all-time record this week, according to Gas Buddy. 
  • Gas prices could hit $4.25 per gallon by Memorial Day, according to Gas Buddy. The current record is $4.10 per gallon.