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When Russia invaded Ukraine, gas went to $5 a gallon. Is this time different?

Summary by CNN

Four years ago, Russia attacked Ukraine, and oil shot up 50% in a matter of weeks. Gasoline quickly rose from around $3.50 to $5 a gallon.

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When Russia Invaded Ukraine, Gasoline Rose to $5 a Gallon in the Us. Is It Different This Time?

By Chris Isidore and Matt Egan, CNN Four years ago, Russia attacked Ukraine and oil skyrocketed by 50% in a matter of weeks, surpassing US$ 100 per barrel. Gasoline rose rapidly from about US$ 3.50 to US$ 5 per gallon. That war put at risk 3 million barrels per day of Russian crude oil. The war with Iran stopped almost instantly the flow of 20 million barrels of oil from all over the Middle East. However, oil prices rose only 6% on Monday, and g…

1 month ago·Idaho Falls, United States

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