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Dow tumbles as West considers cutting off Russian oil
wtelegraph ^ | March 7, 2022 | DAVID KOENIG , AP Business Writer

Posted on 03/07/2022 4:13:23 PM PST by RomanSoldier19

Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil.

Prices at the pump were rising long before Russia invaded Ukraine and have spiraled faster since the start of the war. The U.S. national average for a gallon of gasoline has soared 45 cents a gallon in the past week and topped $4.06 on Monday, according to auto club AAA.

“I am looking at the possibility of walking to work,” said Asiya Joseph, who had just paid $4.29 a gallon at a BP station in Brooklyn, New York. “This is the first time that I am filling up my tank in like, 10 days.”

The price of regular broke $4 a gallon on Sunday for the first time in nearly 14 years and is now up nearly 50% from a year ago.

The price is even higher in Europe, averaging 1.75 euros per liter last week, according to the European Commission, the equivalent of $7.21 per gallon.

GasBuddy, which tracks prices down to the service-station level, said Monday that the U.S. was likely to break its record price of $4.10 a gallon, but that does not account for inflation. In today's terms, the record price would be equal to about $5.24 after accounting for inflation.

(Excerpt) Read more at thetelegraph.com ...


TOPICS: News/Current Events
KEYWORDS: dow; embargo; oil; oilprice; shortage; stockmarket; ukrainewar
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1 posted on 03/07/2022 4:13:23 PM PST by RomanSoldier19
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To: RomanSoldier19

But oil and Chelsea stock keeps on climbing.


2 posted on 03/07/2022 4:14:02 PM PST by BipolarBob (Reading is one way for escape. Running for your life is another.)
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To: RomanSoldier19

Let’s go Brandon!


3 posted on 03/07/2022 4:15:45 PM PST by blueunicorn6 ("A crack shot and a good dancer”)
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To: blueunicorn6

You beat me to it.


4 posted on 03/07/2022 4:17:45 PM PST by EvilCapitalist (Merry Christmas Illhan!)
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To: RomanSoldier19

5 posted on 03/07/2022 4:18:38 PM PST by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: RomanSoldier19
West considers cutting off Russian oil

And they'll do this by buying oil from Venezuela and Iran. Hey, it makes perfect sense to the military industrial complex.
6 posted on 03/07/2022 4:18:45 PM PST by JoSixChip (2020: The year of unreported truths; 2021: My main take away from this year? Trust no one.)
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To: EvilCapitalist

Go ahead.

Let’s off a little steam.


7 posted on 03/07/2022 4:19:15 PM PST by blueunicorn6 ("A crack shot and a good dancer”)
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To: RomanSoldier19
The DOW is 30 companies...

Better to follow NASDAQ and the DOW...

Most oily stocks are/were up today....

8 posted on 03/07/2022 4:19:55 PM PST by Osage Orange (1961 VW Two Door Truck)
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To: blueunicorn6

Let’s Go Brandon!


9 posted on 03/07/2022 4:20:31 PM PST by EvilCapitalist (Merry Christmas Illhan!)
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To: BipolarBob

The stock Chelsea bought has something to do with Medicare ,what’s going to happen ?


10 posted on 03/07/2022 4:20:52 PM PST by butlerweave
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To: RomanSoldier19

Famine.


11 posted on 03/07/2022 4:22:20 PM PST by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.p)
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To: butlerweave

It went up 18% today. I’m still holding.


12 posted on 03/07/2022 4:23:58 PM PST by BipolarBob (Reading is one way for escape. Running for your life is another.)
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To: V_TWIN

love it.


13 posted on 03/07/2022 4:24:54 PM PST by BipolarBob (Reading is one way for escape. Running for your life is another.)
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To: RomanSoldier19

To resurrect and retask an elegant phrase from the late John Nance Garner, 32nd Vice President of the United States, while describing the vice-presidential office, Joe Biden “isn’t worth a bucket of warm “spit” (noting that his original word was censored and replaced with “spit”). It takes little imagination to guess what Cactus Jack’s original word was.

In any case, it fittingly describes our current president and the job he is doing. Joe is the most unAmerican president in US history.


14 posted on 03/07/2022 4:32:01 PM PST by Belteshazzar
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To: RomanSoldier19

This stupidity is imposing a horrible hurt upon the working poor. Crucify the honest, hard working poor men, women and children of America over the most two corrupt places in the world, Ukraine and Washington, D. C.


15 posted on 03/07/2022 4:34:03 PM PST by hardspunned (former GOP globalist stooge)
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To: hardspunned

How did famine caused the French Revolution?
https://treehozz.com/how-did-famine-caused-the-french-revolution


16 posted on 03/07/2022 4:39:07 PM PST by RomanSoldier19 (Res ad Triarios venit; )
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To: RomanSoldier19

It’s time!!! Impeach Let’s Go Brandon, FJB!


17 posted on 03/07/2022 4:46:49 PM PST by FlingWingFlyer ("You may all go to hell and I will go to Texas." - Col. David Crockett to the U.S. Congress.)
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To: RomanSoldier19

Gold just jumped like a spooked stallion, yeah


18 posted on 03/07/2022 4:47:03 PM PST by baclava
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To: hardspunned

Funny how the “party of the working man”, now led by “lunchbox Joe, the scrappy kid from Scranton”, is always willing to pull money out of the working man’s pocket, isn’t it?

If they can’t raise taxes, they get it some other way.


19 posted on 03/07/2022 4:52:24 PM PST by NorthWoody (Half of all people are below average, and half of those are in the bottom 25%.)
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To: RomanSoldier19

Why are we buying Russian oil when we have plenty of our own?


20 posted on 03/07/2022 4:53:57 PM PST by MercyFlush (DANGER: You are being conditioned to view your freedom as selfish)
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