First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2022/02/24/energy-shock-ukraine-crisis-to-push-inflation-higher-002484
As Russia initiates military action in Ukraine, pain at the pump is about to get even worse. Fuel costs have already been soaring due to oil and gas supply constraints coupled with broader inflationary pressures. The national average for a gallon of regular unleaded is $3.55 – up 75 cents from a year ago. Some parts of the country are paying closer to $5.00 per gallon.
