How Will U.S. Ban On Russian Oil Affect Gas Prices
Gas prices passed an average of $4 a gallon on Monday as the U.S. considered a ban on Russian oil imports due to the Russian invasion of Ukraine that began on February 24. That represents a rise of more than 10 percent in a week. That price spike could be further exacerbated after it was reported that President Joe Biden’s administration will ban Russian oil, though the U.S. is far less dependent on imports from Russia than Europe is....