Now that sanctions have been placed on economics surrounding Russia, gas prices are rising everywhere, including the U.S.
The national average has hit $4 as of Sunday, the highest in over a decade.
The issues between Russia and Ukraine are causing the increase.
Gas prices looking ahead
It’s estimated that the average could reach as high as $4.10 by Tuesday.
The average could reach as high as $4.11 by the end of the week, according to AS.
Russian impact on gas prices
The reason Russia has such an impact on gas prices is because of the sanctions put into place on Putin.
This is happening instead of sending American troops to Ukraine to help fight Russia.
Russia has a large amount of natural crude oil, and by no longer taking oil from them, it’s causing what the U.S. does get to rise in price.
Russia produces 8% of the U.S. oil supply.
In order to keep prices down, 60 million barrels of oil from stockpiles have been released.
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