Ask an Expert: Why Do Global Events Cause Gas Prices To Rise in the U.S.?

Q: What are we seeing right now with gas prices and the crisis in the Ukraine? Why are gas prices so intertwined with global events?

A: The price of gas has risen considerably since the Russian invasion of Ukraine: It’s not an uncommon phenomenon when there’s political turmoil—and, even worse, war—that may disrupt the supply of oil. Interestingly, in this case Ukraine is not the oil producer; Russia, the aggressor, is […]

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