Russia's invasion of Ukraine could result in higher gas prices.
While Russia is unleashing its wrath on Ukraine, consumers could end up feeling more pain at the pump.
"We are actively working with countries around the world to elevate collective release of strategic petroleum reserves of major petroleum consuming countries. And the United States will release additional barrels of oil as conditions warrant," President Biden said in his address.Andy Lipow, head of oil consulting firm Lipow Oil Associates, says gas prices could still jump up to $0.20 cents higher as the market anticipates a possible supply disruption from Russia.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Russia-Ukraine updates: Russia claims it neutralized Ukraine military infrastructure“We condemn in the strongest possible terms Russia’s unprecedented military aggression against Ukraine,” European Council Pres. Charles Michel and European Commission Pres. Ursula von der Leyen say in a joint statement.
Weiterlesen »
Russia-Ukraine: What to know as Russia attacks UkraineRussian troops launched a broad, three-pronged assault on Ukraine that opened with air and missile strikes on Ukrainian military facilities and included ground troops invading from Crimea.
Weiterlesen »
Russia-Ukraine: What to know as Russia attacks UkraineRussian troops have launched a three-pronged assault on Ukraine that brought explosions and fear to the capital, Kyiv, and other cities.
Weiterlesen »
Russia-Ukraine conflict live updates: Zelenskyy makes plea for peace as Russia threats loomRUSSIA-UKRAINE LATEST: • Ukrainian President Zelenskyy issues a plea for peace during emotional speech. • UN Security Council schedules emergency meeting on Russia at request of Ukraine.
Weiterlesen »
Ukraine-Russia live updates: EU seeks ‘harshest’ sanctions against RussiaThe European Union announced Thursday that it is planning to impose the “harshest” sanctions in the wake of Russia’s attack on Ukraine.
Weiterlesen »
Russia attacks Ukraine: Zelenskyy says Russia trying to seize Chernobyl (live updates)BREAKING | Ukraine's President says Russian forces are trying to seize the Chernobyl nuclear plant. The power plant was the site of the world’s worst nuclear accident when a nuclear reactor exploded in 1986 and sent radioactive contamination across Europe.
Weiterlesen »