How the Russia-Ukraine conflict could impact fuel prices in U.S.
Tens of thousands of Russian troops are at the Ukraine border, leading to fears of an invasion. Here's what we know.Experts predict gas could hit $4 a gallon this summer, even if Russia doesn't attack Ukraine.Sanctions on Russia for a Ukraine incursion could ramp up prices as we head toward driving season.
If you think gasoline prices are already too high this year, brace yourself for an even bigger shock. That’s because more drivers are expected to hit the road as the omicron variant fades and the spring driving season arrives. Prices are expected to rise even more if“There’s a lot lurking in the oven and not a lot for the advantage of the consumer,” said Patrick De Haan, head of petroleum analysis for GasBuddy.Wednesday. While that was up only a nickel a gallon from a month ago, it’s up 94 cents from a year ago when the COVID-19 pandemic was taking an even larger toll on the economy.
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