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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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To: V_TWIN

If you offer Biden a penny for his thoughts, you can expect change back.


21 posted on 03/07/2022 4:54:36 PM PST by Mark (Celebrities... is there anything they do not know? Homer Simpson)
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To: RomanSoldier19

Whatever Democrats touch, they crap upon.


22 posted on 03/07/2022 4:59:49 PM PST by Da Coyote
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To: MercyFlush

That’s the $64 billion dollar question. It takes a special kind of stupid to be a Democrat.


23 posted on 03/07/2022 5:14:42 PM PST by Cobra64 (Common sense isn’t common anymore.)
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To: Cobra64

Elon Musk about Biden.

“damp sock puppet in human form.”


24 posted on 03/07/2022 5:48:49 PM PST by Jaded (Pope Francis? Definitely NOT a fan... miss the last guy )
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To: NorthWoody

The working man Democrat party was done by the late 1960’s.
Their unionized workforce went into the public sector and created a disaster for the American taxpayer. Meanwhile global trade policies gutted the private sector unionized workforce, by having products produced by foreigners.

They like environmental zealotry, its a religion for them.
Big Green won’t give an inch on using the natural resources of the United States.

Our nation of office labor needs a pristine environment or their tampons would fall out. Somebody might get sick or scared and we can’t have that happen.


25 posted on 03/07/2022 5:55:11 PM PST by unclebankster (Globalism is the last refuge of a scoundrel)
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