The economic ripples are being felt at gas stations across U.S.
"It really affects me... from where I come, from home to go to work, it's a long distance," said Stephanie Humphrey, adding that higher fuel costs are biting her budget.Pain at the pump may drive some to rethink their vehicle choices.
"So, you know, while you had that big jump in oil, you had a much smaller increase in pump prices. However, that will probably continue as long as our oil prices stay elevated," Andrew Gross, AAA spokesperson, said. "Right. Oil just doesn't have great substitutes. You know, we don't have alternate transportation fuels. Oil is pretty much the only thing we've got. You know, other than electric vehicles, you know, creeping in around the margins. So that's what makes it so important, so strategic," says Jim Krane, a fellow at Baker Institute at Rice University.
"Gasoline prices in the U.S. respond really quickly to the geopolitical stress. So, it doesn't matter where it happens, that's going to play out in the U.S.," Krane said.
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