What Russia-Ukraine invasion means for US gas prices

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🗞 News you should know 🗞

At least the waiting is over: Russia has launched its invasion of Ukraine

It could deliver another blow to a U.S. economy that’s already expected to slow after a blockbuster 2021 while driving oil prices and inflation higher and intensifying supply-chain snarls, even though we’re not as dependent on its oil as Europe. 

For now, experts say expect $4 a gallon for much of the U.S. by early spring. Some traditionally pricey gas markets, like California and Hawaii, are likely to head past $5 a gallon. Patrick De Haan, head of petroleum analysis for GasBuddy, said a $4 national average is “inevitable” given the current situation.

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