, according to AAA: Hawaii , Oregon , Washington state , Nevada , Alaska , New York , Pennsylvania , D.C. and Arizona .Although markets have typically shrugged off geopolitical tensions, the ongoing standoff on Ukraine’s border has roiled markets the past month. Russia is responsible for about 10 percent of the world’s oil supply, on par with the United States and Saudi Arabia.
Western powers have already begun placing sanctions on Russia, including shutting down a planned $11 billion Nord Stream 2 gas pipeline between Russia and Germany. The Biden administration has imposed a “first round” of sanctions targeting Russian banks and wealthy individuals. Those initial measures include sanctions on the company responsible for Nord Stream 2, a subsidiary of the Kremlin-controlled Gazprom company.
Policymakers could exert other levers to counterbalance any oil shortages, but analysts warn that no single country could replace the volume of oil Russia ships to Europe. The White House and congressional Democrats have considered
Source: Financial Digest (financialdigest.net)
Look stop blaming gas prices on Ukraine crisis. Gas prices were steady on the rise before this. Yes they will go even higher. However compare prices to a month ago not a year.
Don’t let the Ukraine cover fool you!
Thanks Joe!!! Great job.