Ukraine invasion: How Russia' could affect gas prices in the US

Описание: Russia launched an attack on Ukraine Thursday, hitting major cities and bases with airstrikes in what Ukraine's government called a "full-scale war" that could have major impacts around the globe, including the United States.

Russian President Vladimir Putin announced the major military operation early Thursday morning and threatened any foreign country, including the U.S., with "consequences you have never seen" if they interfere with the invasion.

In this interview with WCNC Charlotte, GasBuddy analyst Patrick De Haan explains how the Russia invasion of Ukraine could impact gas prices in the U.S. Russia is one of the world's largest oil producers and prices are rising nationwide. Plus, we discuss what actions, if any, President Joe Biden could take to lower the price of gas in the United States. And knowing Russia's portion of global oil production, could they lock the rest of the world out and drive up gas prices for Europe and the United States, specifically? What is the "grave situation" Patrick De Haan fears about Russia's oil exports?

With Russian troops on the move into Ukraine, world oil prices are rising. Here's why. Russia produces 17% of the world's natural gas and 12% of its oil, making it one of the world's largest producers. And a lot of Russia's natural gas sales flow to Europe through pipelines in Ukraine.

According to AAA, the average price of gas in the U.S. is $3.54. That's up 21 cents from one month ago. In Charlotte, the average price per gallon is $3.47, up from $3.12 one month ago. #Russia #Ukraine #GasPrices

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