Gas prices soar as US crude rises to highest levels since 2008
Posted on AllSides March 7th, 2022
From The Right
Oil and gas prices are through the roof as investors fret over the continuing Russian invasion of Ukraine.
The national average price for a gallon of gasoline on Monday sat at $4.07. The U.S. oil benchmark, West Texas Intermediate crude futures, was pushing $118, a big increase from the $90 it was at before the war broke out. On Sunday, WTI crude briefly touched $130, the highest level since 2008.
The Russian invasion of Ukraine has fueled concerns about global energy shortages given that Russia is one of the world’s largest producers of oil and that parts of Europe...
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